SPHY - 3 Top ETFs I Plan to Buy in April
2024-03-31 05:49:00 ET
I like to make individual investments. I love being a part owner of something tangible that can grow my wealth over the long term.
However, despite my preference for being an active investor, I've passively invested in several high-quality exchange-traded funds (ETFs) . I like to use ETFs to invest in a broader theme or another area I'm not comfortable investing in individually. I plan to add to my ETF holdings this month by buying a few more shares of SPDR Biotech ETF (NYSEMKT: XBI) , SPDR Portfolio High Yield Bond ETF (NYSEMKT: SPHY) , and JPMorgan Equity Premium Income ETF (NYSEMKT: JEPI) . Here's why I plan to buy more of these high-quality ETFs this month.
Biotechnology is an amazing sector. It has made some remarkable breakthrough discoveries, including monoclonal antibodies, CRISPR , and mRNA-based vaccines. While I'm very interested in learning about science, most of what biotechnology companies do goes over my head. Because of that, I find investing directly in biotech stocks hard. They can be very risky since drug discovery and development can often have a binary outcome.
For further details see:
3 Top ETFs I Plan to Buy in April