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Strategies & Market Trends : A.I.M Users Group Bulletin Board -- Ignore unavailable to you. Want to Upgrade?

To: JZGalt who wrote (5297)	8/7/1998 2:28:00 PM
From: D VanSwol	Read Replies (1) \| Respond to of 18928

One way to avoid most of these Fidelity Select fees is to not take the money out but exchange it into Select Money Mkt fund. The 3% front load is only paid on "new" money added to the fund. If you are AIMing, you only pay $7.50 per exchange, plus 1.5% of the amount sold?exchanged out if the sale is within 90 days of the purchase. Since most AIM trade reversals are usually spread out in time, you should rarely, if ever, have to pay the 1.5% redemption load - just a flat $7.50 for the exchange. I try to keep all my select money in one "pot" to avoid repaying the 3% front load, while money for stocks is in another "pot" --Dennis-- >>The fund I'm tracking for the ODB site is Fidelity Select-Energy Svcs (FSESX). I don't have any first hand experience with the fund myself, but thought it would be a good proxy for the OSX which is the industry group index. Not sure I'd use that for any "real" money since it carries a front end load, deferred sales charge and hefty management fee.<<