September 9, 2009

S&P 500 is comfortably above 1000

Well the S&P 500 is over 1000, in fact, its comfortably above 1000, near 1030. For those that aren't keeping track, during the recession that is coming to an end, the S&P 500 got down to an ominous reading of 666, thats a 54% gain from the bottom.

Not to bore you with any more details, I bring these numbers to your attention to reinforce two things;

1. if you stayed the course and continued to add to your S&P 500 index fund or etf, you have done quite well and have lowered your average cost considerably (isnt that the point, buy low, sell high?)

2. you still dont need a stockbroker (my guess is that you were told to get out near the bottom in march 2009 or you have been under-invested during this period and failed to buy low)

Stay tuned and keep an eye out for my new book 'that little green handbook'.

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