Airbnb, Doordash, Palantir, etc you probably heard they all went public recently. Hot IPOs are all the rave right now, well, IPOs and the coronavirus vaccines.
You may be wondering, is there a way to get a piece of this IPO pie, without having to pay attention to all these different stock names in different industries? Or do I have to wait till Doordash gets into the S&P500? T
he reality is, these hot IPOs may never get in, not every business does, it doesn’t matter anyway because the answer is NO, there are ETFs that include IPO stocks much earlier.
Here is one Renaissance IPO ETF (Ticker: IPO) – YTD returns: 107.85%, Expense Ratio: 0.60%
Rennaisance very quickly takes on many new IPOs. They add significant U.S businesses into the ETFs on the 5th day of trading, or at quarterly reviews (and remove them after about 2 years to make room for new ones as the businesses are mature).
Among its top holdings are exciting rising star companies and recent successes like Moderna (the coronavirus vaccine player who just sold 100M doses to the U.S.), Uber, Beyond Meat, Snap, Zoom, Paypal, Spotify, Pinterest, Peloton among others.
The good news, the ETF is available on Trove (see screenshot).
So adding an ETF like this to your portfolio means you won’t worry much when people are talking about stocks with recent IPOs growing at staggering speeds and don’t have to make time to go read a biotech stock’s SEC filing instead of chasing your hustle.
To receive more of my content and mentoring on investments (launching in the new year), you can request early access for free at https://www.youbackyou.com/#h.ben02m8we9g3
ps: Remember, investments can rise and fall and while these are for you to look into, this information is to educate you on the possibilities and does not constitute investment advice.