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

To: Dennis who wrote (4729)	8/2/2002 8:32:32 PM
From: MoneyPenny	Respond to of 4916

I've held on to a small position in fsdax for almost a year...bought after 9/11..and although it has fallen as of late, I have not sold it. It is in an IRA that rebalance about once a year. I have no intention of abandoning it now. I don't know that I would look at GNMA now. Huge consumer debt mounting by the month. They get first dibbs but.....I live in Florida and am witness to a frenzy of buying just to protect assets. Not a pretty site.

To: Dennis who wrote (4729)	8/3/2002 12:08:18 PM
From: Angler	Read Replies (1) \| Respond to of 4916

GNMA is good for all seasons in the last few years, Dennis. Bob Brinker, the famous market timer, still touts it as his no. 1 holding safe place for long term investors interested in a steady return. He's the one that told his subscribers to get out of the market in March of 2000. What a call! Of course, I had ears that heard not. I have a position in this one too. The total return is over 5% today. The fluctuation is in pennies up and down = insignificant. Angler