This Fourth of July, you might consider investing in an exchange traded fund (ETF) to show your patriotism. An ETF that represents a pure American play, with companies all domiciled in the United States, is the Diamonds Trust (DIA). This ETF tracks the Dow Jones Industrial Average and is up 8% year-to-date. Top holdings include IBM, 6.4%; Boeing Company, 6%; 3M Company, 5.2%; Exxon Mobile Corporation, 5%.
Plenty of variety exists within DIA; a fairly equal dispersion across the board ensures no one company dominates. Other American favorites that you may have grown up with are Johnson & Johnson, American Express, Coca-Cola and McDonald’s. In fact, your daily life may include several of the companies within DIA.
Amidst the fireworks and barbecues, don’t forget to re-evaluate your investments. By supporting the country you live in and the companies that helped build it, you may see fireworks all year long! Have a Happy (and safe) Fourth of July!
For full disclosure, some of Tom Lydon’s clients own shares of DIA.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.