To The Moon

🌟🌟🌟$SPDR Portfolio MSCI Global Stock Market ETF(SPGM)$ is a low cost, value for money ETF that seeks to offer global exposure to developed and emerging global markets across the entire spectrum from large to small cap businesses. SPGM tracks the MSCI ACWI IMI Index which covers approximately 99% of the investable global stock markets with 2668 number of holdings. The Top 10 holdings include $Apple(AAPL)$ $NVIDIA Corp(NVDA)$ $Microsoft(MSFT)$ $Amazon.com(AMZN)$ Meta Platforms, Alphabet Class A and C, Taiwan Semiconductor Company, Eli Lilly and JPMorgan Chase. The Top 10 weightage is 19%. The expense ratio is 0.09%, one of the lowest compared to similar competing ETFs. Dividends are paid every 6 months. The current dividend yield is 1.76%. SPGM goes ex Dividend on December 18 2024. 6 of the Magnificent 7 stocks are in the Top 10. These are Mega Tech stocks that have done well this year. Nvidia leads the pack in market performance with a jump of 124% year todate in its share price. This is due to the high demand for its AI specialised chips that are required for AI machine learning. Apple is currently the most valuable company with a market capitalisation of USD 3.39 Trillion. Apple is set to unveil its latest iPhone 16 smartphone as well as new models of Apple Watch and AirPods on September 9 at its Headquarters in Cupertino California. What is special about the new model of iPhone 16 is that it is the first smartphone to be integrated with Apple Intelligence, Apple's version on AI. Apple faced recent headwinds when Warren Buffett's Berkshire Hathaway cut its stake in Apple by 49% even though Apple is still Berkshire Hathaway's top holding. Microsoft is one of the leaders in AI with its huge USD 13 billion investment in Open AI, the creator of ChatGPT. Microsoft sells computing devices, Cloud systems and services, software and other products to consumers and businesses. In July this year, Microsoft said that about 8.5 million of its devices were affected by CrowdStrike's global outage. However Microsoft's share price has since recovered. It is currently up 3.6% in the past month and 10% year todate. Amazon is a global leader engaged in ECommerce, Cloud Computing, online advertising, digital streaming, AI and much more. Amazon reported weaker than expected revenue for the 2nd quarter 2024 in August and issued a disappointing forecast for the 3rd quarter. Its shares slid almost 6% post earnings. Amazon has been facing increasing competition from discount sites like Temu and Shein. However Amazon said that it plans to launch a discount store that will feature mostly unbranded items priced below USD 20 to compete. Amazon's AWS cloud grew 19% from a year earlier but at a slower pace than its rivals Microsoft and Google which reported cloud growth of 29%. However Amazon is still up 9.4% in 1 month and 17.5% year todate. These are just some of the latest news on the best holdings in SPGM. Performance wise SPGM is down 2% on Tuesday and 1.3% in the past 5 days. However SPGM has risen 12.9% year todate and in 2023, SPGM is up 18%. However if we look further back to 5 years ago, SPGM has risen 55% and is up 146% since its inception in December 28 2012. Wall Street Analysts are bullish on SPGM with a Buy rating, Average price of USD 70.95, an upside potential of 14% according to 2579 analysts surveyed by Tipranks. I have invested in SPGM since 2022 and in that time I have seen it grow at a slow but steady pace. I like SPGM for its wide diversification and low cost. Even though the US takes up 63% of the holdings, the 37% weightage in the rest of the world gives SPGM a good balance to the ETF. With SPGM I hold a powerful ETF that offers me the key to the world's best companies without have to worry about buying the stocks individually. SPGM does the heavy lifting by selecting the best companies and weeding out the non performing ones. That is why SPGM is my favourite global ETF. Investing is so simple with SPGM - just 1 ETF with a global focus! @Daily_Discussion @TigerStars @Tiger_comments @MillionaireTiger @CaptainTiger