With tax season around the corner, I finally got around to opening up a SEP-IRA at Fidelity. (I don’t know what took me so long, the process was very, very quick.) For those unfamiliar with SEP-IRA’s, they are a retirement vehicle for self-employed individuals (Read more about SEP-IRAs here). As income from this site counts as self-employment income, I am looking to contribute a few thousand dollars before the April 15th deadline.

I’m heavily leaning towards investing two Vanguard Exchange Traded Funds (ETFs)… VTI and VEU. The former tracks many of the stocks in the United States. The later tracks a basket of stocks from numerous places outside the US. Together, it’s not a bad stock diversification for the world markets (especially considering it’s two trades with very low expenses). I should note that it’s worth looking into Fidelity’s offerings as well – especially since I’m going to have a Fidelity account. I’ll probably skew the percentage of the investment of those two 60-40 style towards the VEU… I’m already heavily invested in the US economy since 99% of my income comes from there.

That sounds all nice and good… but I love to find a bargain. I don’t think either of those two represent that. So I’d like to carve out a small percentage of that money for a “speculative” investment. The kind of speculative investment that I’m looking for is not like investing in Palm (a company I love, but the world fails to see how great its products are). I’m looking more for an additional ETF… most likely a sector ETF. For instance, a few years ago, I invested in energy when it was fairly cheap. I think it has been a good investment. In 30 years from now, I still think the sector will be relevant.

So readers, I ask for your help… what sector with long term relevancy is cheap right now? Let me know in the comments.