Recently, I have been cleaning up my Roth IRA and other qualified retirement accounts. Most analysts are now recommending the move out of U.S. Treasury bonds due to their low-yields (and almost certain – continued low yield over the next decade!).
I am a fan of ETFs for long-term investing. The benefits are numerous compared to stock selection and mutual funds. Access to highly priced stocks (Alphabet, Amazon, etc.), monthly distributions, and low expense ratios, are just a few of the benefits to ETFs for retirement accounts.
Which brings us to SPYG or the SPDR Portfolio S&P 500 Growth ETF. SPYG holds the winners (or should I say survivors) of the current market. The current breakdown of the fund is MSFT (10.11%), AAPL (9.66%), AMZN (7.87%), FB (3.72%), GOOGL (2.80%), GOOG (2.73%), V (2.13%), MA (1.73%), NVDA (1.53%), and NFLX (1.39%).
Analysts rank SPYG highly – FactSet (FDS) gives the ETF an A rating and XTF.com rates SPYG a perfect 10.0 out of 10.0. The technical analysis shows that the fund has recovered nicely since the March lows. Even with the risk of another Covid-19 outbreak, SPYG holds companies proven to survive – perhaps even thrive – in the new market.
Long 100 SPYG @ 42.46. Total Long 1000 SPYG (accumulated lots).
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