I hope you all are having a great week! Below is a list of some of the ETFs we are going to be looking into next month for our monthly investment. These are all ETFs, which means they are a group of companies trading together as a fund. Funds are more diverse and therefore safer than individual stocks, but I think we should entertain the idea of hopping into other sectors so we can take advantage of some targeted growth opportunities.
Please take a look and email your choice back. I like to look at the type of fund (pharmaceutical, retail, energy) and I then use Morningstar to look at the companies (individual stocks) the fund owns. One great thing about this club is we all work and exist in different industries so you might have some insight on a particular industry that others don’t. PLEASE share what you know so we can all reap the benefits of this group approach toward investing!!
This months investment should be another 1500+/- which means we can purchase two ETFs to add to the 1600 we will already have invested in the S&P by the end of the month.
Don’t forget about the conference call coming up Sept 8 at 730pm. We will discuss our progress, outline the group goals again and answer any questions. Thanks for all of you enthusiasm!
iShares U.S. Pharmaceuticals ETF (AMEX:IHE) Recent IHE price: $149.88, Implied analyst target: $186.83 — 24.65% Upside
SPDR S&P Health Care Services ETF (AMEX:XHS) Recent XHS price: $54.22, Implied analyst target: $66.82 — 23.23% Upside
First Trust NYSE Arca Biotechnology Index Fund (AMEX:FBT) Recent FBT price: $97.56, Implied analyst target: $120.10 — 23.10% Upside
PowerShares WilderHill Clean Energy Portfolio (AMEX:PBW) Recent PBW price: $3.85, Implied analyst target: $4.67 — 21.24% Upside
PowerShares Dynamic Leisure and Entertainment Portfolio (AMEX:PEJ) Recent PEJ price: $34.88, Implied analyst target: $41.76 — 19.73% Upside