The SP500 index is up over 14% for the year, which is very respectable. The $SPY is up this year mainly due to technology stocks, which are up tens of % this year and some are even up over 100%, such as $NVDA or $META. The SP500 is rising this year mainly thanks to $AAPL, $MSFT, $NVDA, $META, $AMZN and $GOOGL. However, the question is whether these technology stocks will continue to rise until the end of the year.
I am not currently buying tech stocks as they are really high. However, I always buy $SPY for a certain amount at the beginning of the month even though the index is quite high at the moment. Currently the SP500 makes up about 40% of my portfolio.
Do you have $SPY in your portfolio and if so, are you buying at today's prices and how much of your portfolio is SP500?
I have and I'm driving a DCA.
I have it, haven't bought for a while (due to Degir) but it still makes up about 20% of my portfolio :)
Unfortunately I started quite late, so I'm low on $SPY so far with only about one unit and an average purchase of around $410, but I'd like to buy it regularly like DCA but at the top for less and at the bottom for more. 😊