The results are in, and we have 4 new buys, and 4 sells in the Dynamic Growth Fidelity Select Portfolio. Dynamic Growth will also have a portfolio for ETF (Exchange Traded Funds) investors, and since there is no minimum holding period for ETF's, we will back-test the ETF portfolio weekly, and make any changes accordingly.

ETF's are traded on the AMEX, and exchange traded funds can be bought and sold any day the market is open without restrictions.

Here are the results for Top 10 Fidelity Select sector funds, and ETF's for May. Keep in mind that Dynamic Growth will be a paid service in a month or so, and once this happens, future changes in the sector funds and ETF's will only be available to subscribers of Dynamic Growth.

The results of this month's research, and portfolio, are for informational purposes only.

Basically, here's how the Fidelity Select Portfolio works.

1) currently, there are 3 discount brokers that allow investors to buy and sell Fidelity Select sector funds. They are:

E-Trade: etrade.com
Schwab: schwab.com
Fidelity: fidelity.com

2) We re-evaluated and back-test the Fidelity Select no-load sector funds monthly. Since most brokerage firms and fund companies charge a redemption fee if a mutual fund is sold within 30 days of its purchase, it would not be wise to trade or exchange a no-load mutual fund as often as you would a stock. In addition, a brokerage firm may place a trading restriction on an account if a fund is traded within a 30 day period.

Since most sectors do not come in, and go out of favor that quickly, rapid trading activity in mutual funds are not necessary. In addition, every no-load sector fund has a fund manager that is continually making changes in the fund as they deem necessary.

3) Investors can build a portfolio based on our research in one of three ways:

Top 5 : Only for very aggressive investors
Top 10: For growth oriented, aggressive investors ( We will only use the Top 10 as our model portfolio)
Top 15: Growth Investors who want broad diversification.

4) Each and every month we will publish the results of our research, and make any changes to the Top 10 based on our results.

Here are the Top 10 Fidelity Select sector funds for May, and the Top 10 ETF's for the week: