I realize that predominant strategy for Bogleheads is owning the whole market (via relevant index funds), however, I have a thesis that, in short-to-middle term, some industry sectors - technology (biotech, advanced materials, solar and other alternative energy options, AI, autonomous vehicles - not necessarily autonomous driving, but drones, automated delivery, etc.), software, insurance, healthcare - will grow faster (or, at least, will be more stable - especially insurance and healthcare) than others (e.g., oil and gas). With that in mind, I looked at what funds are available at Fidelity for the 403(b) plan (I'd like to select the Roth option). A brief research on Fidelity site indicated some attractive (IMHO) - vs. total market index funds - industry sector-focused funds from Tier 3: Expanded Investment Options, as follows. Please critique my thesis and/or fund selection and share your thoughts on this.
- Fidelity® Blue Chip Growth Fund - Class K (FBGKX) | Average Annual Return 10 Yrs: +18.94% | ER: 0.62%
- Fidelity® Select Software and IT Services Portfolio (FSCSX) | Average Annual Return 10 Yrs: +22.15% | ER: 0.73%
- Fidelity® Select Insurance Portfolio (FSPCX) | Average Annual Return 10 Yrs: +15.09% | ER: 0.79%
- Fidelity® Select Health Care Portfolio (FSPHX) | Average Annual Return 10 Yrs: +19.28% | ER: 0.73%
- Fidelity® Select Medical Technology and Devices Portfolio (FSMEX) | Average Annual Return 10 Yrs: +18.19% | ER: 0.76%