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S&P 500 ETF: How high can it go?
@Melawati：
Index funds are popular with investors because they promise ownership of a wide variety of stocks, greater diversification and lower risk $SPDR S&P 500 ETF Trust(SPY)$is the granddaddy of ETFs and it's among the most popular ETFs. Just one trade of it exposes you to the hottest stocks like $Tesla Motors(TSLA)$, $Amazon.com(AMZN)$at much lower cost. Given how diversified it is, SPY is the ultimate "buy it and forget it" stock. Over the long term, it has returned about 10% a year on average including dividends paid out quarterly.IIt can be said that SPY stock is as safe as you can get in terms of investment. 2021 has been a bullish year for SPY. The macro environment in 2022 such as the interest rate hike, acceleration on tapering of the bond buying program and shrinking of the global money supply are likely to pose a challenging environment to the SPY. It has a resistance in the region of 470, it's historical high was 478.492 so million dollar question everybody has in mind: how high can it go? Disclaimer: All facts and opinions presented are for educational purposes only. This is not a recommendation to buy or to sell.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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