Quote:
Originally Posted by toasterwater  Okay, quick question.
After looking up the S&P 500, it appears that there may be more than 1... I may be wrong, but these are the symbols i got when looking up S&P500:
$NJG.X $NME.X $NME.EU $NME.NV $NME.TC $LSW.X $SPNY $SPSY $SPLY $NJG.EU $NJG.NV $NJG.SO $NME.SO $NJG.TC PLFSX PLFIX PLFNX PSPJX PLFPX
someone please explain this to me: Is the S&P500 a single index fund, or are there many versions of it? And if it is a single fund, what is the symbol for it? |
Hi toasterwater
If I were you I would move all my money back into cash and learn a bit about financial investments before its too late.
To ask a question like,
"Is the S&P500 a single index fund, or are there many versions of it? And if it is a single fund, what is the symbol for it?"
basically shows that you are not ready for this. I dont mean to be harsh but just being brutally honest.
The S&P 500 as we all know is an index (not a fund). It is comprised, (just like the DJ30, FTSE100 etc), of 500 companies by market capitalisation. If the sentiment for a company goes down, the index goes down (weighted) all things being equal and vice versa.
You can never buy an index, but only buy the shares or a fund that mirror the index, but because you will liable for trading charges, the market will always outperform you if you are trying to mirror it.
However for passive, worry free medium to long term investing, to buy into an indexed fund is the best option.