Latest Purchases

ManCave

We met again last night in the propane filled mancave with an agenda to complete our portfolio of ETF's.  The President was running a little late, literally he was huffing and puffing down a soccer field, so the VP, Pete Anderson took reigns last night.  After the usual "shooting the breeze" we discussed how our only purchase at the time was doing, the DIA, made a solid $11.39 yesterday, or to break it down, $1.03 per person.  Not bad in my opinion.

Once we got after it  we talked about a number of different ETF's that each memeber of the group researched.  Here are the 5 stocks we purchased:

PowerShares ETF Trust (PYZ): This ETF follows the Dynamic Basic Materials Sector Intellidex index.
PowerShares QQQ Trust Series1 (QQQQ):  Follows the largest tech companies in the US marketplace.
iShares S&P Small Cap  600 Index Fund (IJR):  Follows S&P Small Cap 600 Index. 
iShares MSCI Chile Investable Market Index Fund (ECH): Broad based market performance in Chile.
Vanguard Emerging Markets ETF (VWO): 748 common stocks of companies located in emerging markets.

We currently still have 12% of our money to invest and are waiting for a check to clear before we can purchase that last ETF.  Hopefully we will have an update tomorrow.

LSCM