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


To: Rick Kupcunas who wrote (552)12/15/1997 3:49:00 PM
From: Tech Bull  Read Replies (2) | Respond to of 4916
 
Correction.

They had $7.50 per share distribution according to the fidelity representative.

(for Dennis)
Well, the only reason I want to buy more is because I see rosy future for the tech and semis.

I maybe wrong for shorter but then I don't look at short term. Looking 2-5years from now you will see that FSELX would have returned 30-40%.

So 3% load is not much if they can beat S&P by more than that.

As they say "To each his own".

I am not here to argue with anyone. I am not saying FSELX is for everyone. It is not. But I am willing to take risks. And of course I like Andrew Kaplan very much. I am buying it bec. he is at the helm and not just bec. it's a tech fund.

TB



To: Rick Kupcunas who wrote (552)12/15/1997 8:22:00 PM
From: giddy guru  Read Replies (1) | Respond to of 4916
 
//gg//

Rick,

Since the distribution is over, if I buy tomorrow for the first time, do I still have to report the distribution to IRS. On the IRA account, I guess it doesn't matter.

Also, if you trade through Fidelity, they give hourly pricing on Fidelity funs. Is that mean, I can buy at different prices during the day and don't have to wait ofr the end of the day?
Thanks,

/gg/