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SPY, SPX and XSP - what are these and why do they matter?
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SPY

I invested in SPY ETF. I understand this ETF tracks stocks in the S&P 500. I have lost $100s investing in SPY. I'm hoping I might cover my losses if the stock market eventually recovers back to pre covid health
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  • Infinitely : never assume anything

  • Gianni : Ok

  • Justin Zacks : SPY (SPDR S&P 500 ETF Trust) is an exchanged-traded fund which tracks the performance of the S&P 500 index (SPX). XSP is the S&P 500 mini index, it is 1/10th the value of the SPX index.
    Investing in the SPY provides exposure to over 98% of the market capitalization of the US stock market. It offers diversification and will generally track the movements of the overall US stock market. If you are buying the SPY you are bullish on the overall market. The market has been choppy recently as investors try to figure out how high the Federal Reserve will raise interest rates to combat high inflation.

    The views and opinions of Mooney Navigator are those of the author who is not an associated person of Moomoo Financial Inc. The view and opinions of the author do not reflect the views of Moomoo Financial Inc. or any of its affiliates. The views and opinions of the author are provided for informational purposes only, do not constitute a recommendation of an investment strategy or to buy, sell, or hold any investment in any form, and are not research reports and should not be used to serve as the basis for any investment decision. All investments involve risk including the loss of principal and past performance does not guarantee future results.

  • WallStreetYoda : i lost 10k it tesla after making it thu out my trading i started small and got it uo to that figfigured elon wouldn’ let tesla down but twitter chchanged his veiw on tesla he just wants his money out of it amd in a bank account where he can invest in new ideas and henwants his companys self sufficient without him having to back them with his capital i plan to ride puts back to half of what i lost or so then buy long term