Just Buy SPTM S&P 1500 ETF To Cover The US Market!
πππThe US markets have been on an uptrend recently led by the AI rally and optimism that the Feds will be cutting interest rate before the end of the year. If you are new to investing and have limited resources, $SPDR Portfolio S&P 1500 Composite Stock Market ETF(SPTM)$ is one powerful ETF that covers the entire spectrum of the US market from large capped, mid capped to small capped stocks. That's a total of 1510 US stocks in just 1 trade!
The Top 10 holdings include 6 of the Magnificent 7 stocks which are $Microsoft(MSFT)$
The Top 10 holdings weightage is 31%. Total number of holdings is 1510. Expense ratio is a low 0.03%. Distributions are paid every 3 months. The current distribution yield is 1.32%.
Microsoft is one of the broadest based technology providers in the world. It dominates the PC software market with more than 73% of the market share for desktop operating systems. Microsoft is also one of the leaders in AI with its partnership with OpenAI. Microsoft has overtaken Apple to be Top of the leader board this year.
Apple has a wide brand moat with its loyal band of Apple users. It has now joined in the AI race too with its commitment to invest more in Research and Development of AI.
Amazon is a global leader in ECommerce, Cloud Computing. It is also into Digital Streaming and even healthcare.
Meta Platforms is a global leader in social media with over 3 billion active daily users in Facebook, WhatsApp, Instagram or Messenger.
Google is a global leader in Search Engine with over 90% market share. It has also joined in the AI race with Google Gemini, formerly called Bard. Gemini is an AI chatbot tool designed by Google to simulate human conversations based on Large Language Model developed as a direct response to the meteoric rise of Open AI's ChatGPT.
Performance wise SPTM is up 0.71% last Friday but has risen 11.4% year todate. In 2023 SPTM has jumped 25.6%. However SPTM has risen 89% in the past 5 years. Since its inception in October 2000, SPTM has skyrocketed 326%.
Wall Street Analysts are bullish on SPTM with a Buy rating, Target price of USD 71.71, an upside potential of 10% according to Tipranks.
I like that SPTM does the heavy lifting for me as all stocks listed in the ETF must have positive aggregate earnings over the 4 most recent quarters and for the most recent quarter. The Index represents approximately 90% of the investable US equity market.
I am happy with the performance of SPTM. It is a slow and steady kind of ETF, perfect for my long term hold. Best of all SPTM is low cost and offers maximum bang for my hard earned dollars plus it pays regular distributions every 3 months. How good is that!
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Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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