Is there an index fund, mutual fund or some other investment that is basically a good indexing or mirroring of the S&P 500?
2007-07-16 16:29:29 · 7 answers · asked by Zezo Zeze Zadfrack 1 in Business & Finance ➔ Investing
The S&P 500 itself is an index fund. You can get it through most brokers, including Vanguard. It performs quite well!
I am not a financial adviser, but remember to diversify, and invest in some emerging market international funds... I got one that made 29% this year. :)
2007-07-16 16:33:32 · answer #1 · answered by Mike 6 · 0⤊ 1⤋
The absolute best and cheapest is the Vanguard S&P 500 Index fund.
All index funds are not created equal. Make sure you check the expense fee. Vanguards is 0.18% Others charge up to 1.5% Doesn;t sound like much, but it adds up over time.
VFINX is the ticker symbol so it can be purchased with a broker, or contact them directly. Direclty would be cheapest, but if you cannot afford the minimum, through a broker would be the second option.
There are also EFT (exchange traded funds) that mirror funds or baskets of stocks. There are several ETF's that mimic S&P 500 performace.
SPY is very common S&P500 ETF. There are also some other common ETF's listed in a link I will provide you.
Good luck. The S&P 500 is a great investment tool for investors. Put in steadily and you'll be rewarded.
2007-07-16 23:39:54 · answer #2 · answered by Rich D 3 · 0⤊ 0⤋
SPY is the symbol for an ETF of the S&P500 index. You can buy it through any broker (preferably a "discount" broker).
If you're buying in installements the next best way to go is the Vanguard S&P500 index fund.
These are the two most basic ways to go & the least expensive. The SPY is the most active "stock" on the American Stock Exchange. The Vanguard S&P500 Mutual Fund is the largest index fund in the USA.
2007-07-17 08:10:38 · answer #3 · answered by Common Sense 7 · 0⤊ 0⤋
The exchange traded fund (ETF) with the symbol SPY. There are many SP500 index funds, both ETF and mutual funds.
2007-07-16 23:34:24 · answer #4 · answered by skipper 7 · 0⤊ 0⤋
Ticker BEP. It's an S&P covered call with a nice dividend.
2007-07-17 01:06:33 · answer #5 · answered by phildarthebuildar 3 · 0⤊ 0⤋
vanguard has one called the sp 500...fidelity has one too, but it goes by some fancy name
2007-07-17 08:46:30 · answer #6 · answered by zioncanyon 3 · 0⤊ 0⤋
http://finance.yahoo.com/q?s=vfinx&d=t
2007-07-16 23:45:37 · answer #7 · answered by jeff410 7 · 0⤊ 0⤋