$iShares Gold Trust(IAU)$ is the 2nd largest Gold ETF next to $SPDR Gold Shares(GLD)$ Gold is regarded as a safe haven asset in times of geopolitics conflicts and tensions. Spot Gold price is now USD 2910, near to its highest level. I believe that USD 3000 mark is within reach before too long. IAU is my tactical bet to hedge against high inflation and provide diversification in my portfolio. @Daily_Discussion @TigerStars @Tiger_comments
Rotating into$Alibaba(BABA)$ to hedge my US asset exposure. The recent pullback in US markets has led me to rebalance my portfolio and allocate funds to a high-growth, undervalued asset like Alibaba. The company's diversified ecosystem, comprising e-commerce, cloud computing, and digital payments, provides a compelling growth narrative. Furthermore, Alibaba's exposure to the burgeoning Chinese consumer market and its expanding presence in Southeast Asia offer a lucrative growth trajectory.
$SPDR Portfolio S&P 500 ETF(SPLG)$ SPLG represents 500 of the best and strongest US companies in just 1 ETF. It is a mini version of $SPDR S&P 500 ETF Trust(SPY)$ Both ETFs are managed by State Street Global Advisors. However SPLG has a low expense ratio of just 0.02% compared to SPY which is 0.09%. In fact SPLG has the lowest expense ratio among all competing ETFs, putting more money in my pockets. SPLG also pays dividends every 3 months. The current dividend yield is 1.4%. SPLG goes ex dividend on March 25. I have been dollar cost averaging into SPLG and with the magic of compounding , SPLG has rewarded me with great re