We are official!! We have made our first trade and the club is ready to go. This post is for those who have expressed interest but have not yet paid in. We are currently 11 members strong and we want you on board too! There is strength in numbers!
The security that we purchased is SPYG which is a large cap growth ETF that tracks the Dow Jones. This is an index just like the S and P 500 and we will discuss the Dow on the next call (Thursday September 8 at 7pm). SPYG’s top holdings are Apple, Microsoft, Amazon, Facebook and Alphabet (aka Google). We picked this fund because 1) the growth will allow us to earn more on our money, 2) the share price allowed us to pick up more shares for what we invested and 3) we wanted the safety of a major index as a core position. I wanted to thank you for all of your enthusiasm because we are off to a great start. We will only go up!!