How do I use Bestsectors to manage my portfolio?
Bestsectors will allow you the opportunity to be your own fund manager. The Bestsectors newsletter will contain a list of all the Fidelity sector funds ranked both by number and strength. Each month you will receive a newsletter via email telling you the current funds that Bestsectors is invested in, as well as, a list of all Fidelity sectors. You are responsible for going to the Fidelity website and performing the exchange into the funds you want your money to go into. Bestsectors will provide you with our current invested sectors. That's it. Probably under 30 minutes of work per month, a small amount time to take for retirement security. Bestsectors does support rebalancing your portfolio. So, when you perform an exchange simply make sure your funds have an equal amount. However, this is your account so you can make the ideas your own on account amounts. (back to index)
Shouldn’t a broker or investment advisor handle my portfolio?
Bestsectors thinks the research has shown that you have a better chance of improving your own investments results and with our help you will beat most brokers or investment advisors. If you think about all the things you do in life, isn’t 30 minutes per month worth a better retirement future. Why would you want someone to control your account, charge high fees, get poor returns and never meet with you? The Bestsectors newsletter is designed to take about 30 minutes per month. So, sit back on a Sunday morning with a good cup coffee and change your financial future. (back to index)
When/How will I receive the newsletter?
Each month you will receive the newsletter via email once you register with Bestsectors and will continue to be sent the newsletter each month as long as you continue to want the subscription.
Please remember that our strategy is based on longer-term trends. Our sector funds may not change dramatically from one month to the next. (back to index)
How many sectors can I be in at any one time?
Remember, this is your account you can be in as many sector funds as you want. Bestsectors is usually only invested in three different sectors at any given time. However, in the newsletter, all of Fidelity’s funds will be rank in order and strength which will give you the opportunity to make your own decision. Remember our strategy is to the pick the sector funds that are rising not the ones that already reached the top. (back to index)
Can Bestsectors be used for individual stocks?
No, that is not the purpose of the newsletter that you will be receiving from Bestsectors. If you want to trade individual stocks there are plenty sites our there that you can pick from to perform that function. (back to index)
How often do exchanges take place within an investor’s portfolio?
This is an area in running your own account that you must avoid doing to often. Here is why: Fidelity charges you a 0.75% sales charge if you exchange a fund that you've held less than 30 days, and those charges can add up. Remember this is what we are trying to avoid. Too many fees cost your overall return. The biggest problem however, is that Fidelity can put a hold on your trading if it occurs too frequently (in less than month). If Fidelity does put a hold on your account, you may have to wait some period of time before you can trade that sector fund. Again, contact Fidelity if you have any questions about exchanges or any other questions. (back to index)
1. The Basics about Sector Fund Investing