April 11, 2005

New Investment Made

I moved the Vorlon Wife’s IRA into mutual funds over the last couple of days. I split her portfolio into six funds. They are...

  • Profunds UltaSector Oil & Gas Inv
  • Fidelity Select Energy
  • AIM Energy C
  • U.S. Global Investors Global Resources
  • Fidelity Select Energy Service
  • Rydex Energy C

My strategy here is to buy funds that have performed the best over they last 90 days. I use Microsoft’s Fund Screening web site to find these funds.

Part of my other selection criteria was, I must be able to buy them through Fidelity, they must have a very low or zero commission in and out, and they must have a starting investment of $5,000 or less.

The funds I selected were up between 22% and 36% over they last three months. The Profunds UltraSector Oil & Gas Inv was up 76% in the last year.

Three months from now, I’ll go through this same analysis and rebalance the portfolio.

Posted by Ted at April 11, 2005 9:19 PM