Started By
Message

How do I invest in the S&P 500?

Posted on 3/1/24 at 1:38 pm
Posted by St Jean The Baptiste
Laredo, TX
Member since Aug 2015
5828 posts
Posted on 3/1/24 at 1:38 pm
It looks like the buy in right now is $5100. How do I get started? I’ve heard from several people that if you buy into this thing, ten years later you will more than triple your original investment.
Posted by NATidefan
Two hours North of Birmingham
Member since Dec 2008
36033 posts
Posted on 3/1/24 at 1:41 pm to
Just buy an index fund that follows the S&P like FXAIX. There are several out there. Most 401ks have some option to choose to invest in an index fund that is a S&P 500 follower. Like Fidelity's is FXAIX, etc. Or you can buy it with money in an IRA, monkey market, etc.

You can buy fractional/whole shares of it for whatever amount you want.
This post was edited on 3/1/24 at 2:18 pm
Posted by barbapapa
Member since Mar 2018
3198 posts
Posted on 3/1/24 at 1:51 pm to
SPY
Posted by achenator
Member since Oct 2014
2945 posts
Posted on 3/1/24 at 2:00 pm to
I literally watched a few youtube videos on the best vanguard funds and what the differences were. Then just opened n account with them online and set it up. Put a good lump some up to get started and put on auto invest. There is a difference between mutual funds and ETF's, one you have to start with a bigger amount and one you cannot auto invest every month etc etc. The videos will help with all of that.
Posted by SlidellCajun
Slidell la
Member since May 2019
10398 posts
Posted on 3/1/24 at 2:12 pm to
You can do the SPY which is the index’s Exchange traded fund. (ETF)
You can also go with an equal weighted index ETF but not sure it outperforms the standard ETF
Posted by Mootsman
Charlotte, NC
Member since Oct 2012
6024 posts
Posted on 3/1/24 at 2:26 pm to
SPY or VOO
Posted by JiminyCricket
Member since Jun 2017
3490 posts
Posted on 3/1/24 at 2:50 pm to
I think there’s one out there at like $50 a share. SPLG.
Posted by el Gaucho
He/They
Member since Dec 2010
52970 posts
Posted on 3/1/24 at 3:09 pm to
The s&p 500 is welfare for the middle class. The same way they don’t cut off food stamps for fear of mass revolt the government also pumps up the s&p so middle class boomers won’t revolt

When the stock market does bad we get political change

Essentially the boomers traded fun factory work and a pension for pushing paper in a cubicle and an ira

Which brings me back to my point that I don’t think it’ll go up forever because pretty soon the middle class will be too small to have an uprising.
This post was edited on 3/1/24 at 3:53 pm
Posted by slackster
Houston
Member since Mar 2009
84787 posts
Posted on 3/1/24 at 3:10 pm to
quote:

It looks like the buy in right now is $5100. How do I get started? I’ve heard from several people that if you buy into this thing, ten years later you will more than triple your original investment.


First thing I would do is some more reading and research.

You cannot buy the S&P 500 directly, but you can buy things that track it very closely. A couple have been mentioned already.


Second, if you’re looking to triple in 10 years, you’ll more than likely be disappointed.
Posted by el Gaucho
He/They
Member since Dec 2010
52970 posts
Posted on 3/1/24 at 3:14 pm to
quote:

Second, if you’re looking to triple in 10 years, you’ll more than likely be disappointed.

If only there was a national debt, crime, or illegal alien etf
Posted by 632627
LA
Member since Dec 2011
12747 posts
Posted on 3/1/24 at 6:03 pm to
quote:

You can also go with an equal weighted index ETF but not sure it outperforms the standard ETF


I could almost guarantee an equal weight etf hasn’t outperformed spy/voo in the past 10-15 years, and there’s probably a significant margin.

Also, i bet the cheapest equal weight etf is like 5x more expensive than spy or voo.
Posted by OTIS2
NoLA
Member since Jul 2008
50110 posts
Posted on 3/1/24 at 7:44 pm to
VOO
Posted by KWL85
Member since Mar 2023
1137 posts
Posted on 3/2/24 at 8:52 am to
ETFs have made it very easy. VOO.

Get in and keep educating yourself. Fear of failure causes large missed opportunities for many.
Posted by BourbonDad
Somewhere on the vol surface
Member since Sep 2016
192 posts
Posted on 3/2/24 at 9:08 am to
You want to buy the top at ATH? Heading into quarterly options expiration on March 15? When the bank term funding program ends and feds are expected to announce the first rate cut which is when every major correction happens? Bold move cotton. Just buy SPY.
Posted by sjmabry
Texas
Member since Aug 2013
18498 posts
Posted on 3/2/24 at 5:37 pm to
VOO for me
Posted by slackster
Houston
Member since Mar 2009
84787 posts
Posted on 3/2/24 at 5:40 pm to
quote:

ou want to buy the top at ATH? Heading into quarterly options expiration on March 15? When the bank term funding program ends and feds are expected to announce the first rate cut which is when every major correction happens? Bold move cotton. Just buy SPY.


To be fair, SOXS was your investment pick for the year and it’s down 43% YTD.
Posted by Fat Bastard
coach, investor, gambler
Member since Mar 2009
72616 posts
Posted on 3/2/24 at 6:26 pm to
ever heard of a BROKERAGE ACCOUNT? TIRA? RIRA? 401k?
Posted by Joshjrn
Baton Rouge
Member since Dec 2008
27065 posts
Posted on 3/2/24 at 6:40 pm to
quote:

I’ve heard from several people that if you buy into this thing, ten years later you will more than triple your original investment.

There are good years and bad years, but on average, if you're expecting more than about 8% per year, you're going to end up very disappointed and likely to do something very stupid.
Posted by geauxpurple
New Orleans
Member since Jul 2014
12312 posts
Posted on 3/2/24 at 6:41 pm to
Easy.
Vanguard S&P 500 Mutual Fund or the ETF.
Posted by OhioLSUfan
Columbus, OH
Member since Oct 2007
1285 posts
Posted on 3/3/24 at 8:25 pm to
Qqqm is a little riskier but also potentially more money than the s&p, it follows the tech companies
first pageprev pagePage 1 of 2Next pagelast page

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram