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October 2016 Daily Chart
To say the least, the Top Eight Model Portfolio’s did not have a good month in October. Its monthly performance badly trailed both the tech-heavy Nasdaq Composite Index (as measured by Fidelity’s Nasdaq Composite Index Fund) and the broad S&P 500 Index (as measured by Fidelity’s Fidelity 500 Index Fund - Investor Class), both of which also were down for October:
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TOP EIGHT MODEL PORTFOLIO OCTOBER 2016
|1. Gold (FSAGX)|
|2. Semiconductors (FSELX)|
|3. Natural Gas (FSNGX)|
|4. Technology (FSPTX)|
|5. Energy (FSENX)|
|6. Medical Equipment & Systems (FSMEX)|
|7. Natural Resources (FNARX)|
|8. Computers (FDCPX)|
EXCHANGE FOR OCTOBER 3, 2016
|Sell Software & IT Services (FSCSX),|
|buy Computers (FDCPX)|
FREQUENTLY ASKED QUESTIONS
About Fidelity Select Fundranker
Fidelity Select Fundranker employs a straightforward investment strategy—invest in Fidelity Investments Select mutual funds that are doing the best right now, and move regularly into better performing funds.
Fundranker utilizes a technical investment system, which means no guesswork, no predictions, no judgments. Each month, Fundranker rates and ranks Fidelity Investments’ 41 Select mutual funds (39 as of June 19, 2009) according to various aspects of their recent performance and selects the top eight funds in which to invest. To follow the Fundranker system, an investor typically would make two or three exchanges at the beginning of each month to stay in the top eight funds.
Fidelity Select Fundranker’s Top Eight Model Portfolio set a new all-time high most recently on September 8, 2016. From the hypothetical portfolio’s January 2, 1997, start date through September 8, 2016, it gained a phenomenal 1,420.707% on a total return basis, that is, including dividends. Over that same period, on a total return basis, the S&P 500 Index, as measured by Fidelity 500 Index Fund - Investor Class, gained only 318.347%:
As of October 31, 2016, in a 7-year, 8-month long bull market that started at the depths of the Great Recession, the Top Eight Model Portfolio trailed the Nasdaq Composite Index and just barely led the S&P 500 Index:
For a long-term, 10-year comparison, as of October 31, 2016, the Top Eight Model Portfolio trailed the Nasdaq Composite Index but outperformed the S&P 500 index:
“I find your publication to be of great interest and benefit to me in my investing work, and I appreciate your research and thoughtful commentaries. You have a very effective method of analyzing the performance (based on data and analysis...not hope) of the Fidelity funds, and frankly it would be quite a lot of work for an individual to replicate this each month for themselves.” George Hecht