It's a group of stocks you can invest in. It's attached to 500 large US companies that preform well, so the joke is whatever is going on that can make the market go down, the S&P is usually going to win in the end.
@VinoVeritas, thank you for your public service
@VinoVeritas, I mean it’ll still go down if the market goes down but for some reason the market just hasn’t cared about any of these things which would normally destroy an economy
@Russel Wilson, Well I can't speak to the craziness of the world currently or how the market reacts to said craziness ... LOL but I assume the S&P does well because it tracks big companies that tend to do well regardless of what's happening. Example: "Yum!" Industries is a top preformer, they own Pizza Hut, Taco Bell & KFC, so I guess Pizza is recession proof ;)
@VinoVeritas, or as my grandpa puts it "Time in the market beats timing in the market."
I’m convinced Derrick Henry could beat the sh1t out of a hippopotamus and still gain 8 yards.
@Jesus Chrysler, that’s an honest assessment
@Jesus Chrysler, he’s like if Jerome Bettis fvcked a tank and a cheetah at the same time and had a baby.
If you're not invested in the stock market, you done missed out on lots of free money since Trump has taken office. And before some of my fellow millennials cry and say "I don't have money to invest", literally all it takes is $50-100 a paycheck to have thousands in the market after 1-4 years. I'm sure you can cut something out if your life for that. New iPhone every year? Uber eats or eating out multiple times a week? I started investing when I was like 22, doing exactly what I described and have turn probably 10-12k over 8 years into over 125k+ picking the right stocks. Don't get me wrong, I've lost on some too, I could've made more. And I ain't even looking at that money until retirement. Save now to retire comfortable.
@Drunk Pantless Uncle, what's a good way to get started? Like my biggest question is I literally dont even know what to use or where to go to first figure out how to invest then to figure out what to invest in
@jouze, I use Robinhood, you can manage your portfolio via the mobile app and there are no costs or transaction fees. Let me know if you're interested and I can give you a referral link and you'll get a free stock
@jouze, my one suggestion, whichever platform you use, is stay away from penny stocks. I lost thousands when I first invested because I was an idiot trying to get rich quick with penny stocks. Stick to big, profitable companies that you think will continue to grow in the long term.
@jouze, find a “fee only” brokerage and start there. Do not invest with commission based investors.
@MrJojo, yeah I've been thinking about getting that app, I'd live a referral
@jouze, sure thing,
As you are new, I highly recommend taking some time to research online (via some easy Google searches) on the basics of how the stock market works and general rules to follow. This could help you avoid making common newbie mistakes and save you a ton of money in the long term. Something I really wish I did more of when I started.
@jouze, most big banks have investment branches, start off investing in big mutual funds when you don’t know much about stocks. Find an S&P500 index fund or a Dow index fund and do that until you get comfortable. You’ll still make good gains
@MrJojo, some penny stocks can be bad, but SOME can be amazing. Amazon was a penny stocks when it went public. Like $1000 in Amazon at it's IPO would make you a multi millionaire today. Check out FuelCell Energy, inc. I put 2k in it around mid-last year at $0.19/share. And now it's $2.40. You do the math.
Just saying some penny stocks can pay big
@Drunk Pantless Uncle, glad to hear it worked out for you. I just stay away from penny stocks now because even though you can definitely strike gold, I find the risk to be just too much. It's basically a gamble; when a company has such a low market valuation that it is a penny stock there is always a reason for it, and those reasons are usually not to the company's benefit long term. That's why the vast majority of penny stocks just go lower and lower in the long term, and so I prefer the stability of investing in well-established companies with good long term outlooks for steady gains.
That being said I did check out fuelcell; I hope you cash out at least a good chunk of your position, if not all of it. The 5 year chart does not look good.
Holy sh1t this is great!
Hahaha that hilarious I totally understand this but I know someone is going to ask what is going on so just let me know so I can explain it to my dumb friend.....
@Sofakingawsim, S&P 500 is a US stock market index
@Sofakingawsim, and the man running is Derrick Henry, the only human-moose hybrid in the NFL
@Sofakingawsim, basically, many pundits keep predicting that there’s going to be an economic crisis due to all these events and the S&P (Standard & Poor) 500 is an index fund of economically important companies on the New York stock exchange that are widely regarded as a bellwether for US economy. The US economy is doing very well despite (or possibly because of?) these events. This gif is just an visual representation thereof.
That last sentence wasn’t necessary, I just like typing thereof.
@Hot Coffee, “we’re four years overdue for a recession” -Bear gang holding onto their portfolios that keep losing
This guy needs his turbo to be quantitative easing and stock buybacks.
Trump is unstoppable
Well I can't speak to the craziness of the world currently or how the market reacts to said craziness ... LOL but I assume the S&P does well because it tracks big companies that tend to do well regardless of what's happening. Example: "Yum!" Industries is a top preformer, they own Pizza Hut, Taco Bell & KFC, so I guess Pizza is recession proof ;)