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Strategies & Market Trends : Mutuals:AIMing For Profits--Invest In Best -- Ignore unavailable to you. Want to Upgrade?

To: RFH who wrote (649)	11/10/1997 10:38:00 PM
From: Jim Battaglia	Read Replies (2) \| Respond to of 4158

Nice to here from you Robert!!! Yes it was 1994....Boy where does the time go?? You have done real well with your portfolio of Fidelity Mutual funds. To answer your question, it is without doubt down to just two funds.... FSELX ( Fidelity Select Electronics ) or FSVLX (Select Home Finance). Both funds have produced surperior returns of over 27% annualized since 1988 and they both have drawdowns of 38-47%. in that period. That's a good bit of volatility. It might be a good idea to split your account into two funds. I would hold a good bit of cash, a minimum of 33% to 40% in these funds. I would hope that you would placed them into a IRA account to avoid excess tax consequencies during switches. Because with the new law anything not held for 18 months can be taxed pretty harshly. I hope you do consider these and good luck with your investment. NEWPORT works well with mutual funds, my reporting comes directly from the NEWPORT decisions... it helps greatly in managing a AIM account as you well already know. Thanks for stopping by Jim