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Discussion Starter #1
I'm thinking of buying into an EFT for the tech sector. I came across couple of them .... IGM & IYW (iShares EFTs). I would love to hear from members on their picks from different efts in this sector. Thanks in advance.
 

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I think you'll find that all of these ETFs basically perform the same, or worse, than the broad NASDAQ index. There are a zillion ETFs that are basically a duplication of QQQ.

I would find whatever the lowest MER version of QQQ is, and use that.

Personally I don't invest in the tech sector since I work in technology ("I am already a stock") and don't see the advantage on further tying my personal fortunes to the performance of the tech sector. If there's a tech slowdown/crash I'm already going to suffer in employment, and the last thing I want is to doubly suffer in my investments.
 

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QQQ tracks stocks listed on NASDAQ. It has a heavy weighting in technology, but it's not a pure technology ETF. You can see sector weights here:

http://invescopowershares.com/products/overview.aspx?ticker=qqq#sector

XLK is the largest and the most popular pure technology ETF. There are many others. See ETFdb list

http://etfdb.com/etfdb-category/technology-equities/

Research ETF holdings before you buy. XLK, for example, is dominated by technology mega-caps. Apple, Google, Microsoft, IBM, etc. If you want to bet on smaller and faster growing companies, pick a different ETF.

Personally I don't invest in sector ETFs, be it technology or any other sector. I buy the whole market.
 

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Discussion Starter #4
Thanks for the suggestions guys.

Myself ... I don't own any technology stocks at the moment; so I'm thinking an EFT in that sector is a better way to diversify my portfolio.
 

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i own QQQ and plan to sell it and buy this: http://guggenheiminvestments.com/products/etf/details?productid=85
QQQ is part health care and part consumer discretionary

it really is a play on the nasdaq itself since it has so many "hot" stocks in it

but it isn't really a technology etf as GoldStone has pointed out

i think equal weighting in tech is smart and RYT has performed very well lately
it has killed XLK which is tied to a few big players

which is no portent for how it will perform in the future
 
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