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Strategies & Market Trends : Fidelity Select Sector funds -- Ignore unavailable to you. Want to Upgrade?

To: seminole who wrote (2742)	7/6/2000 11:19:12 AM
From: selectinvestor	Respond to of 4916

Biotech is a very good choice for a buy and hold sector fund at this time. In fact, because we don't publish hypothetical backtested returns for our portfolios we let them run for six months before "going public" and introducing them to our subscribers. So, for bookkeeping purposes our new Buy & Hold portfolio started on 1/3/2000 and the first three funds are FBIOX, FSELX, and FSPTX. The Buy & Hold Portfolio will not be restricted to technology funds, but if we where to recommend a buy and hold tech portfolio, this would be it. Reassuringly, both our buy and hold and "market timing" approaches to the tech sectors have done quite well this year. Buy & Hold 24% Technology 40% S&P 500 -1.0% June 30, 2000 I forget the exact number but I think the NASDAQ was right at zero percent for the year on Friday too. While a Biotech only portfolio has beat our Buy & Hold Portfolio so far this year, statistically speaking, our diversified portfolio has a better chance in the long run. Good luck, you should do well. Biotech and Electronics should top the charts more often then not over the next ten years. Russell Cox selectinvestor.com