Message Font: Serif | Sans-Serif
No. of Recommendations: 2
Not a fan of mutual funds in general but they are a good tool to see what the good managers with solid long term results are buying. Fidelity Select Tech is one of those few funds. The 5 yr return is 838%. Anyway, i got the annual report and did some sleuthing. Guess what's thier #1 holding at almost twice as much as the #2 spot? JNPR.... CSCO is # 2. It was a surprise to see a "relatively risky" investment as the # 1 play of such a solid fund. Looking more i discovered that it's also the #1 holding of thier DEV COMM fund and a top holding of thier computers fund. All in all,as of feb. 2000, just in the Select Funds, not counting any of the regular growth funds like magellan, Fidelity held 8.6 million shares of JNPR or nearly 1 and a half BILLION dollars worth at todays price. That's support. Aloha, Mauidog
Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.