a little high and the risk outweighs the return.
Look at FBSOX biotecch and FSCHX chemicals.
Please note that select funds are risky and not well
diversified.
I'm 19 and looking to invest in a mutual fund. Hopefully this will be long term and I can put about $200-$250 a month towards this right now. I'm going to school for IT and currently working in the IT field so I would see it only fitting that I invest in a mostly IT mutual fund. Although i'm not sure if it would be wiser to invest in something that is a little bit more diversified, I was told since i'm so young it may be wise to go with something a little bit more aggressive. So if you think this would be good or know of a better option I would appreciate any input i'm a obviously i'm new to all of this so any insight would be great. Finally i'm not sure if its important or not but I think i'm going to go through Fidelity.
Thanks for any input!
Here's a link to FSELX: https://fundresearch.fidelity.com/mutual-funds/summary/316390863
