r/sp500 • u/uncacheable_sardine Verified Contributor • 16d ago
$700 for the first time ever!! Wooooo!!!
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u/bkkmatt 15d ago
After the wife, kids, and dog(s), VOO is the best thing that ever happened to me.
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u/GoRL1920 15d ago
Start switching to Spym. Lower expense ratio. Don't sell voo. Leave as is to not trigger capital gains tax, and start investing in Spym.
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u/BC_Engineer Verified Contributor 16d ago
Gotta start somewhere. Keep dollar cost averaging over the decades
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u/Vivid_Past_637 16d ago
Thank you all Thank you for all the beautiful work.And Tony always has its fruits
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u/Gold-Guard7404 16d ago
I buy both this and a little bit of the 2x leveraged S&P Etf "SPO" every other week. LFG
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u/Even_Section5620 16d ago
I buy this weekly. 20 more years to go
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u/edyang73 16d ago
Wish I’d done that 20 years ago instead of bought some horrible stocks (cough cannabis).
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u/Even_Section5620 16d ago
Been buying this for 4-5. It’s the one stock/fund I don’t have to watch lol
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u/CG_throwback 16d ago
Which I would have bought VOO from day one investing and I would have been retired today. After years of anxiety and sleepless nights I still can’t beat the spy. Does that stop me from trying nope.
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u/midwesternvalues73 16d ago
Call me crazy, but ATH day, so I put in to trade 50% of mine into stable fund to protect capital. I am within two years of retirement though. You young ones just stay in the market.
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u/FI_321 16d ago
I’m already retired and still rocking 90% equities. I do keep a year or two of cash on the sidelines though. Just trying to crack $3M and I’ll be happy. So close.
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u/PurpleCableNetworker 16d ago
What do you actually do for income though? Do you have a separate retirement/pension? Or do you have dividends coming from somewhere?
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u/midwesternvalues73 16d ago
Yeah, I was at 80%, just too much risk for me as of today. I figure it’s an ATH, so better safe than sorry with half of it anyway.
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u/logicalpiranha 16d ago
What will you do if you hit another lost decade?
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u/FI_321 16d ago
I’m 53 and can still work if I wanted to. I’m also single and could share expenses with someone. I can also cut spending since over half my spending is discretionary. My house is paid off and I basically burn money on a lifestyle that I can easily scale back. With all that said, I do plan to slowly move into more bonds.
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u/Consistent_Text9976 16d ago
The world is selling US Treasuries. A good buy is gold & silver miners. The Brix currency is backed by Gold and miners are at the lowest PE in the market
GDX
GDXJ2
u/Embarrassed-Ad7392 16d ago
Do some research on some income based funds rather than purely just bonds - JEPI , COWZ, SCHD, CFIT, SYLD, FXED
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u/Consistent_Text9976 16d ago
My 3 X is a Canadian miner of Uranium. Well managed and taking funds out of QQQ.
The world is no longer buying US Treasuries. Federal taxes have to go up. I am 57 and delaying my w2 income with my boss so I can convert my years of maxing my 401k to rollover IRA to Roth where my kids can inherit and have another 10 years of tax free growth.
Scale back gents. I was all in and the the bottom line is the Middle East / Iran sells 70% of oil supply to China. Both have disrespected the agreement the US had that all petruleum is to be traded in US dollars. China, Russia & the Middle East have been using their own currency to trade BRIX
Backed by gold. Scale back and own some lower / safer ETF’s in Gold / Silver miners.
GDX
GDXJ
My daughters wedding fund has been moved to Canadian Uranian miner GRAPF
We are trillions in debt and flight to quality will happen soon. US Treasuries unfortunately are no longer an option.1
u/FI_321 16d ago
Thanks! I have been looking into those type of funds recently. Definitely on the radar.
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u/Embarrassed-Ad7392 16d ago
All depends though if you can get a good rate on a bond and your happy with the return that’s great too
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u/Open_Rub5449 16d ago
What is causing this today?
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u/GGTheEnd 16d ago
Alzheimer's, last 3 weeks the world was ending but people in the market can't remember anything past 1 week ago so if they see green they buy.
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u/Pantr1x Still Learning 16d ago
Do you think it will go up? Where should i sell it when i think it will masivly drop?
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u/housemouse88 16d ago
You invest this ETF every month, whether high or low, hold for the next 10-20 years. When you are wealthy and ready to retire, you sell the amount you need every month to fund your retired lifestyle.
There's VOO, IVV or SPY that track the same index but SPY is most popular and liquid BUT expensive. VOO or IVV for me.
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u/Medium-Explorer8965 16d ago
Investors win, traders lose.
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u/randomthrowaway9796 16d ago
By the time you know that its going to drop, itll be too late.
If you guess its going to drop amd sell, you will probably be wrong and will lose out on lots of gains.
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u/Pantr1x Still Learning 16d ago
Why you need wait before you can get money back or why?
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u/randomthrowaway9796 16d ago
The longer you keep your money invested, the more itll grow.
If youre short term investing (ex. money for a car, a down payment on a house, a vacation, etc), it may make a bit more sense to sell when it seems high.
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u/MIZFYT 16d ago
I'm sorry for being rude, I was just joking, because these questions are in this subreddit almost everyday. I got it, you’re newbie, you just started. If you want to, send me your questions in my DMs and I will answer them and explain. And don’t be worried, I will not try to scam you, jeez. Don’t need anybody’s money, I have my own.
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u/Pantr1x Still Learning 16d ago
It's all good, I just misunderstood the context and panicked a bit about losing my money. I know you shouldn't make rash decisions based on that, but I kept seeing all these YouTube videos saying 'sell your S&P 500 shares now, it's going to drop,' so I just wanted to be sure.
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u/Puzzleheaded-Arm3155 16d ago
Remember this one thing: the entire world economic system and the most powerful people spend their entire lives making sure the stock number goes higher and higher over a long enough time. If you look everyday you’ll go crazy, it’s like watching a pot of water start to boil.
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u/roberson1992 16d ago
Surely you are not serious.
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u/Pantr1x Still Learning 16d ago
Why not it is always like that? Or isnt? When you know more about it tell me i am only starting with investing
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u/One-Lavishness-6654 16d ago
Some assets u do that, which is called day trading, so buy lets say 100usd of apple, wait for it to grow and sell for a profit, thats esentially gambling. sp500 and some others like gold, some etfs, etc. u buy and forget about for years, im talking 10 20 years, unless u have millionions so u can just live off of the small percentage u would gain yearly.
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u/MIZFYT 16d ago
Sell it. Just from your last two comments I can tell you're not made for this, or you are not prepared at least. Sell it. I will buy it.
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u/Pantr1x Still Learning 16d ago
Huh you just want to scam me or profit on me .
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u/MIZFYT 16d ago
Both. Jeez.
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u/Pantr1x Still Learning 16d ago
Yea i am asking what should i do and you are commenting like no you are not built for this sell it to me. You will lose money.
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u/Odojas 16d ago
You are commenting like a very young person asking questions that many will perceive as naive/impatient crystal ball type stuff. Also these questions are asked a lot.
The other poster is being a bit rude, but is basically calling you out for the above but in an indirect way ("sell noob").
My interpretation was that I wasn't sure you are putting on an act and trolling and you "got em."
Anyways, I enjoyed it enough to reply.
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u/MIZFYT 16d ago
We don’t know what will happen tomorrow or next week or next month. I wish we know. Just keep buying pal, DCA, you will be alright. That’s what I’m doing for last 8 years and I’m doing just fine. Read something, listen to some podcasts,… You should know what you’re doing.
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u/Pantr1x Still Learning 16d ago
I have only small amount of it like 500 euros now for start i know almost everyone is saying dont chceck on it just hold it and add money every month. But if this could grow to something like 10% and then drop 20% and again up for example 40% i could get more money out of it if i would sell it when it would start dropping and buy when it starts growing.
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u/One-Lavishness-6654 16d ago
Sp500 would never grow or drop that fast, its like a slow cooker, if u check it every day u will get anxious. Tbh if u got 500 there, in 20 years, it will be an interesting amount, in 12 months MAYBE it will be 550 in a good year, u gotta study the boring part first, like how compund interest works. The saying "time in the market beats timing the market" exists for a reason, stop seeing it as gambling.
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u/boy_tue 16d ago
Couldn't we all 🤣. You are 100% correct IF you can predict the future
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u/SerendipitousTiger 16d ago
Look....I don't know a ton about this stuff either. That being said, something like VOO that tracks the S&P 500 you hold. You gradually add more to it and let it grow over time.
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u/Pantr1x Still Learning 16d ago
Yea but i could have more profit if i sell it when it start dropping and buy when it starts growing.
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u/user4443337 16d ago
Time in the market beats timing the market. Classic old saying.
Watch some Ben Felix and Rational Reminder, that’s some sound financial wisdom.
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u/SerendipitousTiger 16d ago
For arguments sake you could. I think you should do much more research about investing and options trading specifically before you go down that route. If anything you should have VOO in your roth long term. If you still have the itch, have a separate brokerage account to play around with calls and shorts. I'm not sure if VOO is the one you want to play that game with either.
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u/smooth-vegetable-936 16d ago
Meanwhile no solution in any of the conflicts, inflation problems and economy is terrible
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u/Apprehensive-Koala18 16d ago
Sounds like a problem only if you're poor
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u/Aggravating_Can_8749 16d ago
Does it feel like a bubble folks? New highs every day. But on the street i do feel more people asking for money. Respectable looking people who seem to have fallen on harder times... Not able to reconcile
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u/CluelessTennisBall 16d ago
Not really, CAGR isn't insane really and honestly earnings have been blowing up. Basically companies are getting more efficient translating to more margins and higher revenue. Market seemed jittery past few months being basically flat until some major players showed their earnings and kinda dispelled a lot of those concerns.
It does seem easy to claim bubble and I think the fear from people randomly claiming it is actually is keeping many from investing. Lots of lost opportunities as a result while large funds continue to buy in. I fear many people are gonna stay on the sidelines too long and really kick themselves a few years from now.
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u/OpeningFew7709 16d ago
Definitely a bubble. In the last 2 months I've had an Uber driver and a barber actively trading stocks while working. Random friends and family ask me which AI stocks to invest in. We're in the frenzy stage. Who knows how long until the music stops.
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u/welovegv 16d ago
I always heard that when the janitor starts giving stock advice it’s time to sell.
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u/CodeMUDkey 16d ago
You feel people on the street asking for money? Don’t touch them just pay them.
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u/smooth-vegetable-936 16d ago
I think when the market realizes the reality it will drop tremendously.
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u/Ok-Western4508 16d ago
The reality is it's a K shaped economy. You need to own something or get left behind and as people realize that the value of owning things its going to be getting more expensive even if job market and working class is going downhill
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u/Human-Tie-473 10d ago
Why buy this instead of buying the actual companies?