Assalamu alaykum Halal investing community,
SP Funds released two new shariah compliant ETFs, which I found while using Zoya’s app search features.
The two new funds by SP Funds are: SPTE and SPWO
SPTE is a global technology fund. SPWO is a developing and emerging world fund.
I started thinking that, with the addition of these two funds, a Dave Ramsey-style 4-fund strategy could be followed usng four ETFs by SP funds. Dave Ramsey recommends mutual funds for the following 4 catergories.
Growth
Growth and Income
Aggressive Growth
International
Now, this approach is quite easy for investors to do, surprisingly. Lets use the following funds…
SPUS - Growth (broad US index)
SPRE - Growth and Income (Real estate works well as a proxy for this category)
SPTE - Aggressive Growth (a pure technology fund with global exposure fits the bill)
SPWO - Internation (exactly the fund’s goal)
Glad to hear your thoughts. I will also add, I also like Dave Ramsey’s advice about getting out of debt and holding an emergency fund.
May Allah grow our portfolios and our good deeds.
Michael