FSENX
Fidelity Select Portfolios - Energy Portfolio
Mentions (24Hr)
0.00% Today
Reddit Posts
Notorious doomsayer back here again
Portfolio choices for taxable account for growth and minimize taxes?
Mentions
My portfolio the last year was entirely on an international index fund that did very well. At this point, which I think is the peak, I recently sold everything. I'm sitting on 70% cash, but have recently used 30% of portfolio to buy the dips in gold (IAU), copper mining (COPX), oil & gas (FSENX), and a software (FSCSX). Feels pretty good.
>It's a sector that requires considerable knowledge to make money over the long-term. Absolute nonsense. https://totalrealreturns.com/s/VFINX,FSENX,VGENX
yeah i did see that FSENX can drop down pretty quick. I do like the idea of getting into international markets, is that for a specific region or just a blanket international?
Decent setup for 32 - you're definitely gonna outpace most people with that tech tilt while you're young enough to weather the volatility FSENX is solid for energy exposure but just heads up it can be a wild ride. Maybe consider some international developed markets (FTIHX) instead of or alongside more sector plays? Tech dominance might not last forever and having some geographic diversification could smooth things out without killing your growth potential That AGTHX legacy holding is probably fine to keep as dead weight for now unless the fees are brutal
I'm trying to add some more mutual funds or ETFs to my portfolio. I currently have about $3,700 to divvy up. Here's what I'm considering: FSELX (semiconductor) - to continue building w/o buying more individual stocks FSENX (select energy) - wanted more exposure beyond info tech and wanted more "essentials" FNARX (natural resources) - similar to above FSELX (alternative energy) - similar FSLBX (brokerages) - great returns and these companies will always find ways to win the system... might as well get a piece of the pie FIDSX (financial services) - similar to above and also an "essential" FFGCX (commodities) - another "essential" but don't want too much exposure if geopolitics will negatively impact this IDGT - wanted exposure to digital infrastructure companies w/o picking stocks I could do an even split between all but was curious if folks had suggestions on portioning for reasons I haven't considered.
Just posted similarly on another thread - but I thought it was prudent to strengthen my positions in 3 oil-based CO's last night:, XOM, PAA, and WTI. They are predictably up this morning with Trump's election (and being fossil fuel friendly historically.) Or I think a mutual fund like FSENX is good - if one isn't comfortable buying individual stocks.
The only reason to sell FSENX in 2021 was to buy OEPIX
I did too with my retirement account. FSENX was an amazing fund. Even the last 6 months it's up over 20% and the SP 500 is up only 2 something. It murdered it last year. YOLOd my retirement into it in March after Russia invaded Ukraine and fucked energy prices and finished the year up about 20 percent while everyone else in major index funds took a bath. https://i.imgur.com/rNDoGyv.jpg FSENX was/is still a fucking cheat code.
I have a new 401k that I want to have a split that is 75% S&P500/25% high risk high reward mutual fund. My time frame is 20-25 years. Essentially I'm looking to "risk up" that 25% with a specific fund that can return in the 15-20% range over the next 10 years, similar to how semiconductors have for the past 10 years. I've been thinking about just doing FSENX, thinking the republicans getting back in power could potentially lead to greater conventional energy profits over the next decade or so. Anyone have any alternative opinions?
* 41 years old * Salary: 50K/year * Retirement * 20-24 years time horizon * Moderate to very risk tolerant * Current holdings: $40K I moved from stocks/bonds in February to a TIAA money market retirement account, expecting a downturn * No debt. Take home of $2800/month. Total expenses of $2300/month. * 5.5% of my income (university adds 8%) for a total of 13.5% of my salary is invested each month. Basically I'm risk tolerant because I got a late start on retirement saving. If I run the calculators, at returns of 10%, im getting a total "nest egg" of about 700K for retirement. I'd like to up that with some further risk. I don't have a lot of experience in investing or portfolio building. I plan to put my money back in the market in the next few months. I initially came up with this mixture: * 50% - S&P 500 index * 25% - FSELX Semicondutor fund * 15% - FSENX Energy fund * 10% - "Guaranteed income" fund required in my retirement plan that pays a minimum of 3% per year, but has lately been in the 4-5% per year. ​ Any thoughts on what could be better? Thanks
First congratulations on transforming 50K to 500K. I know the drop from 1M was painful, but I'm sure you had a few options trades that went against you. SO the key is to look at things now, the past is the past and we can learn from it, but not undo it. Just as I'm sure you learned a couple things the hard way with options this is a learning experience with stocks. Your portfolio is concentrated in growth stocks, these will get slaughtered in a bear market. The start of the drop in QQQ was Nov 2021. The broader market peaked Jan 2022. BRKB is diversivied and has been holding up well, better than the total market. All the rest needs better diversification. My expectation is that we are in a bear market and SPY will drop to at least 300 possibly lower. I know the nasdaq has been hurt and it may continue to outperform on the downside compared to the rest of the market. So where do you go from here? Many people have the conventual wisdom to buy and hold long term, but you bought tech at the peak. If I am correct that we have more downside then you should immediatly quickly move all other stocks to something diversified like SPY. I am not in the buy and hold camp and moved to cash in late Jan after an 8% drop. The market has dropped further since. **You could move to cash and put a buy stop limit order in place to re-enter the market so it doesn't leave you behind after the bear is done, or try to re-enter at a lower value after sitting cash for while.** I have been trading the SPY based on the value of the VIX. Currently VIX 35 has been good entry points for long positions. With an exit at VIX 20-25 (or even 28 if conservative). My accounts that I can trade I have recoved my Jan loss and gone positive. In my 401k that is limited to mutual funds, I have not been able to make up all the loss, but some short term buys in energy helped (FSENX). For an equivilent ETF I like VDE, but the easy money in that has been made already. Mainly I am holding cash with some ocational day / swing trades if an opportunity presents itself. Since you have experience with options you could set 50k aside for options trading with an understanding the market has a downside bias. If you lose that, don't go back to the rest of your nestegg to refill. It could be the volitility is high enough that this becomes dificult with the premiums needed. This is obviously a different market than when you traded options. Trading stocks avoids the premium drag, but it does not have the dramatic upside potential. If you got to the 1M on a single YOLO instead of a series of consistent good options trades, then I would not recomend further trading in the options. You were right to step away from the table with your winnings. Don't know if you were trading at robinhood, but for your stocks I would move to a better broker like Fidelity. I don't like bonds in a rising intrest rate environment. I believe the QT and increase in fed funds will deflate what I think is a current stock and house bubble by causing a recession. This will drop earnings on the SP500 and cause further reductions in stock price to get the P/E reasonable for what future intrest rates will be. Cash is not ideal either as it looses 8+% to inflation, but I don't have any better low risk ideas. I still like the energy sector, but just as a rising tide floats all boats, a sinking market will be a drag on all sectors. Fidelity has a nice brochure on there sector funds that describes the business cycle and what sectors tend to do well when. This type of information is useful in thinking about when it would be a good idea to re-enter tech. And when you do I would want to be more diversified. I have heard a good rule is no more than 4% in any single stock. So for tech, when the time is right, you could buy QQQ and if you want more semi exposure SOXX. I like AMD as a company, I'm not shure I would want to just hold AMD for semi exposure. Hope this helps and good luck!
A couple weeks ago I bought some of Fidelity's Energy focused Funds (FFGCX - Global Commodity & FSENX - Select Energy). At first great growths but now that has all be wiped out. Presumably because of the decreasing prices of oil. Was I just to late to the party and should cut out before I have any losses and move to a broader index fund. Or am I am just panic investing and need a slap in the face and stay where I am at. For clarity this is only a portion of my investments so its not like I have all my eggs there and its long term investment. Still new to actively managing my portfolio, so thanks for the help.