By Jon S. Strebler
With last week’s official increase to a 40% allocation in equities, this is a good time to revisit some market sectors: Where to put that 40%? We’ve offered a simple solution – just buy SPY
or even QQQ
. Those are Exchange Traded Funds (ETFs) that represent the S&P 500, the Dow Jones Industrial Average, and the NASDAQ 100 Index –three of the most widely followed indices of US stock prices and performance. By owning one of more of those, you are basically “buying the market”, and will do as well or as poorly as the whole US stock market does.