Saturday, February 14, 2009
The chart below was prepared earlier today as part of a review of gold stock mutual funds as it relates to the model portfolio at the companion investment website Iacono Research. As indicated at the far right by those large three digit figures, it would appear that "buy and hold" is not dead yet - at least in some sectors.
By way of comparison, the SPDR S&P 500 ETF (NYSE:SPY) has tumbled some 15 percent over this same period with a further decline of more than 8 percent since the first of the year.
There, the argument for death is much more convincing.
As might be inferred from the title of the chart, the fund that is currently in the model portfolio is at the top of the list - Fidelity Select Gold (FSAGX). Contrary to what you might think after looking at all those bars and curves above, it has been the best of the lot over the last couple of years.