This 1 ETF Is a 1-Stop Shop for Investors in 2024
There's a lot of noise surrounding investing. You have constant earnings releases, a never-ending news cycle, self-proclaimed "experts" throughout social media, and plenty of other distractions that make investing seem much more complicated than it has to be.
You don't need to read financial statements for hours or track every market movement to be a successful investor. There are much simpler approaches that are just as effective. For investors looking to simplify their investing strategy while still being in a position for good returns, the SPDR S 500 ETF Trust (NYSEMKT: SPY) can be a one-stop shop to get the job done.
The S 500 (SNPINDEX: ^GSPC) is the stock market's most popular index, tracking the largest 500 public U.S. companies by market cap. A handful of S 500 exchange-traded funds (ETFs) mirror the S 500, but none are as popular as the SPDR S 500 ETF Trust, which leads all ETFs in assets under management (AUM). For perspective, the second-largest ETF has $100 billion less in AUM.
Source Fool.com
