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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?


To: robert b furman who wrote (4242)8/23/2016 11:36:41 AM
From: Kirk ©  Respond to of 26802
 
Speaking of "seeing it all" I just got a note from Fidelity that they will change the name of their once famous "Fidelity Select Electronics Portfolio" :
Effective October 1, 2016, Select Electronics Portfolio (FSELX) will change its name to the Fidelity(R) Select Semiconductors Portfolio. This change does not affect how the fund is managed. If you’d like additional information about the fund, or to obtain a prospectus, go to Fidelity.com.
I trade that some and have it as a benchmark to compare to my own results (it is still worth my time to do it myself rather than pay "experts") but my proudest moment was the day the stock exchange opened after the 9/11/01 attack I put $5,000 into that fund to show my patriotism and support. I got to put more into the market at much lower levels, but those shares have more than doubled in value while paying many huge annual dividends. I hope to never sell the shares from that $5,000 purchase as it make me feel good to see them when I review the account holdings in that fund.

The good news is that fund is up 20% YTD and should be attracting more assets which will accelerate the move of our semi stocks.