I’ll stay on track today with Finance Monday (yesterday was a holiday and I realize today is Tuesday) even though I want to talk about the upcoming 4 Nations Championship that it lined up for this Thursday between USA and Canada. But I’ll get to that before they drop the puck on Thursday.
The market was closed yesterday because of President’s Day here in the US. We are back at it this morning and I wanted to draw your attention back to the trends of the S&P 500.
Let’s take a look at some numbers that make sense and that anyone can wrap their head around.
The S&P 500 will open around 6126 today. What does fairly recent history tell us:
In the past 6 months, it has risen 506…..equating to a 9% gain
In the past year, it has risen 1139…..equating to a 23% gain
In the past 2 years, it has risen 2117….equating to a 53% gain
In the past 5 years, it has risen 2776…equating to a 83% gain
Anyone still hesitating with investing into the S&P 500 for long term growth?
A simple Google search can lead you to the best ETFs that follow the S&P 500. The results will show you the top results as VOO, SPY, and IVV. All great choices and they all fall between $560 and $620 per share. Don’t panic…..like most of us, we see that price and think “what am I gonna do? Buy 1 or 2 shares?”
The answer is SURE…you could. But there are many more ETF or index funds that track the S&P 500 that are way more affordable to the average or starting investor. Which ones are they? I’m not your financial advisor or your father….so go do your some homework and start investing!!
Have a great day everyone