Bought 200 Shares of XLF at 9.50
February 10th, 2009
Went long 200 shares of XLF (Financial Select Sector SPDR) at 9.50.
The XLF is a Financial Sector ETF. I already hold some shares of the UYG, which is another Financial Sector ETF, but I now plan to send more money to the XLF instead.
I bought today because the price dipped (though I could have waited a bit longer for the aftermath of the Geithner debacle). I plan to replace my individual bank holdings, such as BAC, over time to lower my exposure to individual banks, though I remain bullish on the Financials and I will seek to diversify by holding ETFs instead.
