ETFs can be a great way to diversify your portfolio. They are a collection of stocks, much like a mutual fund, but not as actively managed, so they have much less fees associated with them.

The SPYG is the large cap of growth stocks. Many of the holdings are household names that you would recognize. If you own this one, and consistently add to it, it will give you the strength in your portfolio to safely invest in riskier, potentially even faster growing stocks if you wish.

You can easily buy all of these stocks in one transaction and hold them forever. It’s diversified and has many of the high growing stocks most investors want to own. Owning this one gives you the freedom to safely take on risks elsewhere.

Dollar Cost Averaging this ETF consistently is safe, and will without a doubt make you very wealthy if you have the patience. This one will fluctuate, but those dips are your opportunities to buy even more.

Think about the pros and cons of holding an ETF such as the SPYG versus a similar mutual fund. Which do you prefer? Actively managed with higher fees or passive with very low fees? There’s no right or wrong answer, it's just part of “knowing what you own.” What advantages do you see in holding an ETF?