I bought 1 share of SPY at $769 as a strategic entry into the broader U.S. equity market rather than concentrating further in individual stocks. SPY tracks the S&P 500 and provides exposure to 500+ large-cap companies across all major sectors, making it a useful way to diversify my portfolio. State Street reports that SPY had a NAV of $771.86 as of October 28, with a relatively low 0.0945% expense ratio. The S&P 500 also remains supported by strong corporate earnings, while the index was up 13.1% year-to-date as of October 28. Although valuations remain elevated and volatility could increase around earnings and interest-rate expectations, I view this purchase as a long-term accumulation position. Starting with one share allows me to participate while keeping flexibility to add on meaningful market pullbacks.
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