To The Moon

🌟🌟🌟2024 has been a most exciting and sizzling hot year for Growth Stocks.  What if you can own the best Growth Stocks of 2024 in just 1 trade?  Introducing $SPDR Portfolio S&P 500 Growth ETF(SPYG)$ my tactical bet to capture the fastest growth stocks of 2024!

The S&P500 Growth Index measures the performance of the large capitalisation growth segment of the US stock market.  This Index consists of those stocks in the S&P500 Index exhibiting the strongest growth characteristics based on sales growth, earnings change to price and momentum.

The Top 10 holdings include $Microsoft(MSFT)$  Nvidia, Apple, Amazon, Meta Platforms, $Alphabet(GOOG)$  Class A and Class C,  Broadcom, Eli Lilly and$Tesla Motors(TSLA)$  

Microsoft takes up 12.5% weightage, followed by $NVIDIA Corp(NVDA)$   at 12.2% and $Apple(AAPL)$   at 11.8%.  The Top 3 holdings alone  take up 36.5% weightage. Total weightage of  the Top 10 is 62%.

Total number of holdings is 228.  The expense ratio is a low 0.04%.  Distributions are paid every 3 months.  The current distribution yield is 0.85%.

Performance wise, SPYG is up 3.93% in the past 5 days.  It has risen 24.8% year todate.  In 2023, SPYG is up 31.5%.  If we look further in the past 5 years, SPYG had jumped 108%.

I like SPYG as it does the heavy lifting for me as it chooses the best performing growth stocks.  No need to worry about individual stock performance.  No need to read individual company reports.  SPYG offers me great value for my money and minimises my risk due to its wide diversification of 228 stocks.

So far I am happy with SPYG's performance as I am up 21%.  Best of all I receive dividends every 3 months.  How good is that!  Investing does not have to be complicated.  SPYG certainly adds an extra zip to my portfolio.

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