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Strategies & Market Trends : Fidelity Funds -- Ignore unavailable to you. Want to Upgrade?

To: Mark who wrote (609)	1/14/2003 8:37:16 AM
From: Julius Wong	Respond to of 11457

Among 100 trainees, only the top 20 are the best. You want to keep the top 20%.

To: Mark who wrote (609)	1/15/2003 6:17:33 AM
From: MoneyPenny	Read Replies (1) \| Respond to of 11457

Hi Mark, I think that Fidelity uses a proprietary system for their select funds and that is the training ground for the new analysts. The fund manager is in charge however. Not too many big superstars at Fido these days but Tillinghast at Low Price is one of the best ever. He is a low key guy, and manages an enormous fund but has outperformed just about everyone over time. It just isn't a sexy fund like Millenium or some of the other crash and burn funds. It is the only really huge fido fund I would consider and that is only because of the manager. I am toying with leaving Fidelity. I go through this phase every so often. The ETFs are appealing and they have much lower expenses. Outperformance is key if the Selects are to beat their bench marks. Should do a check of how many do. MoneyPenny