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

To: MoneyPenny who wrote (4660)	6/26/2002 8:20:05 AM
From: Allan Corrado	Read Replies (1) \| Respond to of 4916

Leverage and Home Ownership "Most of my fellow workers have no other savings other than their ultramortgaged house..." I think this describes the financial state of many US households. If the house is mortgaged to the hilt they really have no savings. No? How about GOLD reaching 400 by year end. Where else would you want to have some money invested if the dollar is weak?

To: MoneyPenny who wrote (4660)	6/26/2002 10:36:50 AM
From: Angler	Respond to of 4916

For now, MoneyPenny, I'm avoiding stocks (including sector funds), but still have a small position in Gold with a reduced holding in FSAGX and a few hundred shares of GG and PDG. With the continued revelations of misdeeds by corporate reporting of their profits and losses, I can't see any moderate interest in my buying and holding stocks for the forseeable future. I'm stuck with too many already. My investments have leaned towards REITS, bond funds and now back and forth into gold (which is a good hedge) I have not been disappointed by timely investments in FAX (which you recommended a few months ago)and Reits like PCL, SPG and FB. FRESX looks fine to me also. Angler

To: MoneyPenny who wrote (4660)	6/26/2002 8:03:21 PM
From: Angler	Respond to of 4916

I guess dollar cost averaging is fine if one is looking down the road 10 or more years before retirement. Some interest and dividends look awfully good at times even helping support the stock prices. After playing in this sand box of a market for 35 yrs. I would rather now have the proverbial bird in the hand. The horse traders of old always had to come up with some cash besides horseflesh just to have something to eat on and avoid sleeping in the barn with their animules. Angler