SPYM
State Street® SPDR® Portfolio S&P 500® ETF
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I'm only riding on SPYM and VXUS right now, is that the move?
Is this the crying section of the ant casino?
Trump account deposits just dump into SPYM
Contribute to Trump accounts or just a brokerage?! 2 kids
Should I see my 3 individual stocks and buy the SP 500?
VTI or VT?? (70% VTI - USA and 30% VT - International)?
How to set myself to make best use of downturns?
Portfolio sharing and how to set myself to make the best use of market crashes?
More affordable deep ITM leaps to trade than SPY with decent liquidity?
Should I (would you) sell VGT/SMH/FTEC/XLK and maybe MGK and just buy SPYM or something else?
Looking to be a strong end of November.
Mentions
Trading is short-term and has a bad history crippling financial losses. Most people who do are legitimate gamblers, infrequent strategic traders, or work at a hedge fund. They rarely beat long-term investing in 5+ years. For investing (5+ years of buy & hold), get with Charles Schwab. They are an excellent investing broker with tons of educational material and have well informed customer service. The order of investing operations for full-time working adults are: - Contribute your pre-tax income to your company 401k/403B plan up the employer match. Usually between 3-6% if they offer it at all. Easy way to double your money. - Build up 3-6 months of emergency savings in a high yield savings account (HYSA) or Treasury fund with after tax dollars and after your survival monthly spending. Make sure you are getting 3% or higher interest rate currently. This will keep you from touching your investments if you lose a job or something you own breaks. HYSA examples: Marcus, Amex, Capital One, or Ally. Treasury fund examples: SNSXX, SGOV, or VBIL. Treasury funds are tax protected from city and state taxes, but you cannot access the money on the weekends. - Once your emergency saving have been built up, start investing into a Roth Individual Retirement Account (Roth IRA) if eligible. You need to have a legal tax filing job and earn less than $153k as a single tax filer. Less than $242k as a jointly married tax filer. Great for the middle class because the gains are tax free at 59.5 years old! Max annual contribution to the account is $7,500 according to the IRS for 2026. Invest into SWTSX at 80% and SWISX at 20%. Setup auto invest and focus on staying employed. - Anything extra, throw into a taxable brokerage account. Work bonus, tax return, credit card cash back, or lawsuit winnings. Invest into exchange traded funds (ETFs). Basically a group of stocks that trade like an individual stock together, and are tax efficient. SPYM or SCHB are great long-term choices. Pick one of those not both of them.
Brother, totally, specifically for this year 3/27, 3/30, 3/31 was the test. U literally are done trading for the year if u slammed it like a double down on the blackjack tables. A second day is July 28-31 which I call the Leopold day aka deleveraging event. Wall street ganged up and knew his port was levered in certain ways so the AI traded rotated out to AAPL, JPM, etc and he got margin called (but up 80% at least!) Cheers to the patient ones here waiting to pounce. Let's effing go! S&P and chill. FWIW: SPYM, IVV, VOO all have cheaper fees than SPY.
Try this strat out. Wait for VIX to breach $18.5-18.9, see if SPY/SPYM is has fallen to a discounted level. Buy leaps, check in periodically. Don't force any trades you're not comfortable with. If you feel the urge to take a screenshot to flex, consider trimming half. I stopped forcing trades and my R:R has gone up. Good luck sir! The S&P500 is going to rip with all of the 2025 capex investment!
Only thing you could consider would be small and mid cap US stocks. Even then at market weight they don’t really move the needle and SPYM is functionally the same.
We will be so green tomorrow. All the dark pools on Friday close were huge buys on indices etfs: SPY, IVV, SPYM, QQQ and DDM.
180 to SPYM, i have 120 left what do i do
After market close today, someone bought 1.49billion worth of SPYM shares and someone else bought 1.67billion of SPY shares. Either it is MM balancing the books or someone knows something.
I did a search on "zero dividend ETF" because after reading your post I was curious if such a productc existed. I found XDIV from Roundhill. It has only been around for about a year. What it does is buys the SP500 index, currently through IVV, and then sells the shares the day prior to ex-dividend and then just buys them back. Effectively that avoids dividend distributions. The prospectus says it might buy SP500 through any of VOO SPY IVV (and maybe others I'm forgetting). But current allocation I saw was IVV. I only know of SPYM that would be cheaper expense ratio.
I'm going with ET and EPD. I get paid to wait in case of a crash and $120+ a barrel oil. That's my hedge for holding SPYM. ET still has an over 6% yield, just went ex-div Aug 7 and will pay me tomorrow. It's almost all return of capital, so tax efficient. Hurts to re-invest at these levels seeing as my cost basis is less than half current price, but whatcha gonna do. EPD is under 6% now, and if I could afford the cap gains tax hit I'd consider ditching it. When I bought my yield was around 9%. They last paid me on the 14th, also all return of capital. So if there is a crash, I'll still get some payment from the midstream companies. Even if the dividend is cut it'll just buy more over time. Data centers, if there's a use for them will require a ton of natural gas. If not, people and industry will too. Then there's tobacco. During crashes people smoke up a storm. BTI is in and out of my portfolio a lot.
Thats what I did, VOO/SPYM and DDM.
99.99% of gains come from time in market. You're statistically likely to underperform broad markets like the S&P500 for example by timing when to pull. Instead of having untested AI automate your investments, learn about etfs and buy long term funds like index funds like SPYM or VT with a strong history of rebalancing for you. Vanguard, fidelity, schwab, and similar all have apps and reputable tax free accounts that can be opened. It does not typically matter whar app is used unless there are specialized conditions. Some brokerages do have extra fees for investing in certain etfs like fidelity charges extra for buying DRAM but also has a free HSA.
You are suppose to buy SPYM or VOO and look for another job.
I don't think it makes a lot of sense to buy different index funds because they are... index funds... If you have time I actually encourage you to explore different investing strategies (make sure to not blow up though). If not then probably the most important thing is to make sure you're buying a fund with low costs like SPYM instead SPY and make sure you're its in your retirement account for tax purposes (assuming it works like that in Europe as well). Still encourage safe exploration if you have time though.
Buy SPYM / IVV / VOO / SWPPX / FXAIX / SPY on bad pullback days and keep it easy. Now pay me $ for this advice. Is what I feel all of the investment groups are. They are and added expense ratio with zero guarantee. Have them print out CPA verified gains and then consider joining
Sounds more complicated than I'm willing to research, lol SPYM it is!
So if we index & chill, RVII has to beat SPYM by 4.16% every year? I'll continue index & chilling, lol Thanks for the explanation!
You're too concerned with the number of shares and average cost of your holdings. What are your percentage weights of your holdings in your account? Inspect the weighting of the stocks in your portfolio and notice the multiple bets on the same stocks like Amazon and Microsoft for example. This should be concerning because it's not something you mentioned being aware of. The selected etfs are all reputable. SPYM and QNDX are cheaper than VOO and QQQM if you're adding new shares in the future. The cost savings is not huge so nothing wrong sticking with VOO and QQQM if you prefer the cleaner portfolio. The individual stock holdings are a bit performance chasing. If you are investing long term, these look like relatively shorter term holdings compared to your etf choices.
He says broad low cost index. He never specifies an ETF. Investors use SPY, VOO, SPYM etc etc interchangeably to refer to the S & P 500.
1. NASDAQ 2. S&P 500 3. Dow Jones industrial average Those are the three most well known indices in the equities market. Look them up and learn about them. QQQ, ONEQ, QQQM, QQQE - these track the NASDAQ VOO, SPY, SPYM, SPYX - these track the s&p 500 And you shouldn't trade the djia, so I don't know any index funds that track that. All of these index funds are so that you don't have to pick winners and losers. You're just playing the market as a whole.
SPY was the first major SP500 ETF so it has some of the highest daily volume and tight spreads. Great for active trading. VOO is a mainstay with one of the lowest expense ratios making it ideal for long-term holders. SPYM is a smaller SP500 tracking ETF that is the same as the other 2 but due to it's lower liquidity it's spreads aren't as tight leading to potentially worse entry/exit prices. For an active account SPY makes sense but I'm assuming you're asking for investment as opposed to trading rationale. SPYM is the lowest cost SP500 ETF by .01% which translates to a $1/yr savings per $100,000 invested in the fund. (Assuming the same relative entry & exit costs)
SPYM isn’t more volatile than VOO it’s the same thing just with lower fees
Why isn’t it SPYM? Do you hate money?
You go this! You can only move forward. I would focus on ONLY adding to an index fund such as SPYM until you get your gambling addiction under control. Get help. I have addiction problems too and I was able to get control of my life. You can do it
Just stick with indexes for now until you get more money and more experience. I recommend SPYM, VB, and VXUS for a solid hands off portfolio. DCA into it. Don't panic sell when the market dips. Keep DCAing and you'll come out ahead when the market goes back up.
As of **July 29, 2026**, more than **7 million Trump Accounts** have been opened for children across the United States, according to the U.S. Department of the Treasury. **Government Contribution**: Eligible children born between January 1, 2025, and December 31, 2028, receive a one-time **$1,000** contribution from the U.S. Treasury. **Investments**: Funds are invested in low-cost U.S. equity index funds or ETFs (like the S&P 500) with a maximum expense ratio of 0.1%. The default investment is the State Street SPDR Portfolio S&P 500 ETF (SPYM).
If it’s actually for retirement and you’re going to hold to that, open a Roth IRA with whichever broker you want. You can put up to $7,500 per year in that which is in line with what you’re currently able to invest. I quickly looked at the funds you posted, they’re a mix of growth, value, dividends. That’s also spreading your money out a lot when you could just go with SPYM (I’d recommend that over VOO because you can get multiple shares instead of just fractional ones and that might mentally feel better, same index tracking) and VYM if you really want dividends. Just deposit money in there and buy automatically each month, set dividend reinvestment, and check back in 20 years from now. Quick calcs from AI: Assuming $7,500/year DCA’d in (e.g., monthly installments) for 20 years, total contributions = **$150,000**. Future value at different return assumptions: Assumed return End value Growth 7% (conservative) \~$330K \~$180K 10% (long-run S&P avg) \~$473K \~$323K 11.17% (SPYM since-inception)\~$546K \~$396K
I can’t ever let myself do these actions. The amount of anger I feel when I make a trade and go against literally everything my instinct is telling me to try to cover some small losses. Makes me sick to my stomach. I could never do options unless I was uber-controlled using strictly 1% risk. I am almost 40 but new to trading and I think my trading ‘maturity’ is finally coming into fruition. Basically going in 100% on NKE…. I’m about to just start DCA SPYM during these rough times. I will keep my “cash” in SGOV and do my best to set a regular trading routine of one buy per week. I will of course leave 10% to duck around with stocks and perhaps 1% to try options using covered SpY calls. Please someone stop me
It doesn’t sound like you’re investing, it sounds like you’re trading. Go put this in SPYM and walk away
VOO, SPYM, QQQM, SCHD. Take your pick
>10% developing (SPYM) Is SPYM in the UK different than SPYM in the US? In the US it is S&P 500, which is basically the furthest thing you can get from developing. >20% Nasdaq 100 (QQQM) On including QQQ(M): Remember this has heavy overlap (over 80% by count last I checked) with the S&P 500 or US total market. **Look only at the inclusion criteria, not past returns** (as they’re a terrible way to judge future returns, at least in the way most people tend to believe). Do they make sense to you? Does it make sense to over weight these stocks based on the inclusion criteria of the index? They don’t to me, I view it as complete nonsense.
I like it tbh. At 29, the risk reward on that is solid for the next 6-12 months. Imo, Worst case you “lose” 5-10% (which I don’t believe will happen). Best case, that grows 25-100% probably. Otherwise, VOO/VTI/SPYM/etf x and chill…
Im doing SPYM instead of SPY. Its around 88 compared to SPY being 750. They are basically the same thing except SPY is more for traders because it has more liquidity.
VOO is definitely better than VTI. And don't forget the SPYM. SPYM has a cheaper expense ratio. And you can sell covered call to enhance your benefits. Good luck
State income taxes don't apply? Then be sure to include munis that avoid federal taxes. Control costs now. If you're trying to amass wealth on top on the guaranteed 80K/month, more savings early in the timeframe is a real advantage. Likewise, keep after it. If the person is willing/able to work at it some, direct investment into property might be an option to do some tax things. REIT likely wouldn't have the tax advantages but could provide the diversification. One possible allocation could look like this: 25% SGOV or similar, 25% FLMI or similar, 15% international index fund, 35% broad US index such as VOO/VTI/SPYM. If 50% stocks is more than your comfort, dial it back into TIPS and/or SGOV (RETI and/or property fits here too).
I think, as a non-US resident, you won't need to pay taxes when selling US stocks for a profit, but dividends are. VOO/SPYM/IVV dividends are on average 1% per year. The performance on A200 doesn't look very attractive. I believe young investors can afford to take more risk as you'll have decades to ride out volatility. As you age, you'd dial back the risk.
Start with a high yield savings account or open a brokerage with vanguard, fidelity, schwab or similar reputable company for your country and invest in a money market like SWVXX on Schwab, treasury bonds like SGOV, or similar. This will help you stay ahead of inflation with 3-4% interest/dividends until you learn more about what to invest in. Popular assets typically are etfs that track indexes like the S&P500 SPYM, Nasdaq 100 QNDX, total world index VTI, and similar. Some brokerages support automation like Schwab and their S&P500 SWPPX mutual funds can invest automatically on a weekly schedule so you have more time to focus on income and life.
US only broad market etfs with ER under .10. SPYM is the current only option, which is probably fine forever.
I opened an account. As of now it's only SPYM. Eventually, they will allow other variations of the S & P 500 and total US Broad market funds. I don't think VT will be an option. All investment funds must be US based during the 1st 18 years from the information I read.
SCHD. With $100k saved, you likely need to find new work ASAP. 3.5% from SCHD and on average around 8% annual growth totals around 10-11.5% average total growth is a fair balance between dividends and still accumulating value. Total dividends from $100,000 investment you're looking at around $3,500/year or four quarterly dividends of $875. It's not enough to survive on or do much with beyond some groceries and food. SPYM S&P500 is a more efficient investment but carries more volatility. More days you may have to sell when deeply negative and that will really suck.
Maybe your FA is just on vacation? Tbh 85k is such a small amount I wouldn't be surprised if he's managing it using algorithms or just as an afterthought. It sounds like you are trying to avoid realized gains. If that's the case just buying SPYM or VOO yourself would be much easier.
First I want to congratulate you and your father for starting on this pathway. Too many people are scared to invest. Nowadays it is a lot easier to do so, and the way to grow wealth long-term (5+ years) has been well refined. 2 good books to read that helped me a lot are: - Millionaire Next Door by Thomas J Stanley. - I will teach you to be rich by Ramit Sethi. Lean about different retirement accounts (company sponsored and individual ones), active vs index funds, and ETFs vs mutual funds. Accept that investing into most individual stocks is far worse than a collection of stocks (index ETF or index mutual fund). The only exceptions are high growth stocks that are literally effecting an economy (Tesla, Google, or Nvidia). Also, the most popular funds are not always the best to apply in all situations. Mindlessly following VOO and VTI isn't the best thing to invest into in every account type. Some other investments have lower expense ratios, better automation, can be less difficult with brokers that don't offer fractional share investing, or better suited when turning on the breaks in retirement. Zero expense ratio funds with good performance are around. The only things I would have done differently, would have setup a HYSA sooner and invested into a Roth IRA sooner with my tax returns. However, the 2000s was a bad decade to start with far more limitations and fees. This generation has it far too easy, which I am happy for them. Just take full advantage of it. Avoid brokers with bad customer service (Robinhood and E*Trade). Fidelity, Charles Schwab, Vanguard, or SoFi are the best choices for long-term investing with good to decent customer service. At your age and using a custodial Taxable brokerage account, just get started with ETF SPYM. Lowest expense ratio for a good ETF and it follows the S&P 500 index. The S&P 500 index requires all the stocks in it to have 4 straight quarters of profits, so only winners.
It’s the ETF …… SPYM (a very good ETF) …….. pretty soon (30-60 days) you’ll be able to invest it in any US mutual fund or ETF as long as it has an expense ratio of 0.1% or less ………… you’ll also be able to transfer the account to any brokerage you want at that point. I’ll be transferring my son’s to Fidelity. All this information came from Fidelity.
With only $100 a week, you should buy SPYM. It’s the same thing but about $80/share. This way you don’t have to buy fractional shares. My brokerage doesn’t even let me buy VOO fractional shares
Directly in the app - it will be auto invested in SPYM.
From the looks of it in the app, SPYM is the only option.
from my understanding Robinhood is the custodian/broker and there is one investment choice by default; SPYM. you may be able to change the investment but AFAIK they are all either S&P500 or broad market ETFs
Yes you’ll view the funds in the app like it’s any brokerage account. Mine is invested in SPYM.
If you're looking for an even lower expense ratio S&P 500 ETF, try SPYM (formerly SPLG).
VOO and SPYM are essentially identical in performance because they track the same index. SPYM has a slightly lower expense ratio which you could argue makes it "better" for most people as a long term buy and hold - but you are splitting hairs. The truth is investing regularly into any well established broad market ETF will make you money.
Pretty soon you’ll be able to change it to things like VTI and VOO ….. the SPYM is just the starting default ….. you’ll also be able to transfer it to other brokerages like Fidelity and Vanguard ….. give it a chance to get completely up and running Here’s a quote from the article tagged below: “During the growth period, funds must be invested in broad U.S. equity index funds – such as mutual funds or ETFs that track market indexes like the S&P 500 – with no leverage and annual fees and expenses capped at 0.1%. Subject to limited exceptions for cash, no other investments are permitted, including sector-specific funds.” https://www.chase.com/personal/investments/learning-and-insights/article/trump-accounts-for-kids-considerations-for-parents It all comes down to, nobody is forcing anybody to open one for their kids. If you don’t want to open one for your kids, don’t ………… 20 - 30 years from now we will see who’s doing better……… the kids of the parents who opened the accounts and fully funded them for their kids for years until they turn 18 then converted them to Roth IRA ….. or the kids of people who didn’t.
I would just invest in S&P 500(SPYM VOO etc) - top 500 companies and gets reorganized to include/remove companies World Market Fund(VT) - this is broad domestic market and also includes international stocks Dividend ETFS(do this in your roth but SCHD and DGRO) generally blue chip companies and pays a yield but also growth of roughly 10% Growth Stocks(QQQM VUG or SCHG) - stocks that are expected to outperform the market but high volatility downsides is greater but upside is the same Doesn't seem like you want to frequently monitor stocks so I would just pick ETFs that best represent your risk tolerance which is likely some combination of SPYM, SCHD, VT, and QQQM
All baby Trump accounts are being invested into SPYM over the next month. SPYM calls EZ.
>Ahead of the July 4 launch, the US Treasury announced that the default investment for all accounts will be the State Street SPDR Portfolio S&P 500 ETF (SPYM), which tracks the performance of the S&P 500. It has an expense ratio of 0.02%. >Treasury also noted that “in the coming months,” parents and guardians will have a choice of four other funds into which they may allocate contributions. Those funds are the iShares Core S&P 500 ETF (IVV); Vanguard Total Stock Market ETF (VTI); State Street SPDR Portfolio S&P 1500 Composite Stock Market ETF (SPTM) and iShares Core S&P Total US Stock Market ETF (ITOT And Robinhood is managing it.
Concerned about State Street? SPYM seems to be the best place.
"Ahead of the July 4 launch, the US Treasury announced that the default investment for all accounts will be the State Street SPDR Portfolio S&P 500 ETF (SPYM), which tracks the performance of the S&P 500. It has an expense ratio of 0.02%."
I think it’s locked into just SPYM
Trump account (530a) vs 529 account. Both are tax advantaged for kids but looking at the details they seem to benefit 2 different crowds. 530a plan: Basically, a Traditional IRA for kids and the kids do not have to work. This leads to kids focusing on school and social life until 18. The default fund is SPYM with an expense ratio of 0.02%. No tax-free withdrawals for college unfortunately. Great for kids that will take over or take part in the family small business and roll it over to a 401k plan. Also, for hard working and gifted kids that will have a full scholarship to college. Including D1 college athletes who will have NIL money. 529 plan. The new triple threat. Tax protected during growth and tax free for certain withdrawals. College expenses, trade school expenses, and up to $35k can be converted to a Roth IRA (tax free retirement gains). Limited to the big 3 brokers currently (Vanguard, Fidelity, and Charles Schwab). Charles Schwab only offers a customized Target Date fund. Fidelity and Vanguard also add S&P 500 investing. Great for families who want their kids to have job skills over the long-term, and a head start into Roth IRA investing.
What do you SPY and VOO are nearly identical. What do you mean start with one then do the other? Besides SPYM has the lowest expense ratio
and IVV is +1.92% for some reason, VOO, SPY, SPYM are 1.6-1.66% ES1! is only 0.15% higher than SPX but they’re still only 1.18-1.33% I don’t understand
The index ETFs copy their underlying indexes but it’ll never be perfect .. hence the tracking error %. Iirc it is State Street’s SPY etf that really tracks well which is why traders use it, but it’s “expensive” with a 0.09% expense ratio (er) that many passive investors try to avoid as it accumulates over time. Long term investors can use their SPYM (also S&P 500) at 0.02% er or Vanguard’s VOO, iShares IVV at 0.03% er for longer term “buy and forget” long term investing.
Anybody notice that SPY, VOO, SPYM, IVV are all showing +0.50% higher than the actual S&P500 all morning?? Is the market broken? What gives?
If you want advice, stop doing this. You are just gambling and this will be the same outcome, every time. The market will take your money slowly with every bad trade, because there are professionals whose career is to take money from chumps who trade like this. At least you just lost $2500, not $100k like some of the fools on here. Want to make money? Just buy SPYM progressively over the course of decades. Don't try timing, don't even look at options. Just buy SPYM on a preset schedule once a month. Just admit you don't know the market better than the pros, and stick it to them buy just owning low-cost index funds. If you have extra money and high tolerance for volatility, you can add QQQM too. It's higher risk but higher growth over time, (high exposure to tech) so expect more volatility.
It's a meme stock. No massive movements beyond a Gamestop like rise. Don't YOLO invest (hold for 5+ years) into it. However, a quick trade might make some quick cash. A better, yet boring, long-term investment would be into the S&P 500 fund (Index mutual or index ETF). SPYM for a taxable account, and FXAIX/SWPPX for a Roth IRA if eligible.
You trading SPYM? Cuz you couldn't buy a 736 spy put for $150
Ignore these other nerds saying VOO and go SPYM. Same thing, lower expense ratio.
Apps: Either Fidelity or Charles Schwab. Investing recommendations for "set it and for get it": An S&P 500 fund. Fidelity: FXAIX or SPYM (ETF) Charles Schwab: SWPPX or SPYM (ETF). If you are not working, open a taxable brokerage account and invest into ETF SPYM. ETFs are better for taxable brokerage accounts due to tax efficienct nature of their setup. Invest about $2,000 of the $7,000. Keep the other $5k in a HYSA of 3% or higher. If you are working, even part time, put $2000 in a Roth IRA instead. With Fidelity, invest into FXAIX. With Charles Schwab invest into SWPPX. Do the same with the $5k remaining (into a HYSA). Typical order of investing operation: 401k/403B company plan match > 3 moths worth emergency fund in a HYSA with 3% or higher yield > Roth IRA if you have a job > taxable brokerage last with ETFs.
Try to keep some amount of money available as an emergency fund. For better returns on your savings, you can put it into a money market. If you know nothing about investing, I would recommend only using a website instead of getting an app so you don't look at it as often. The goal is long term growth, so no reason to look at it frequently and potentially get scared into selling when the market is down. Like people said, VOO/SPYM/VTI/VT are very safe long term investments. Keep in mind that IRA contributions are limited to your earned income, so if you are not working, you'll have to use a normal brokerage account.
First I recommend opening a Roth IRA at Fidelity or Schwab. This is important because taxes will eat away at your gains if you don't put it in a tax advantaged account. Always stay within your yearly contribution limit. You could add a regular brokerage account if you want to save more than that, but you'll have to deal with the taxes. The easiest strategy is to invest your money in a low cost S&P 500 index ETF like VOO or SPYM. This should be the core of your portfolio. It's something you can do now and then later on you can do your own research and figure out what other investments you can add.
SPYM is $88 per share right now
There is no realistic path to $6-10K a month given these parameters. However, you can absolutely use that money to kickstart your savings. If you put it in something like SPYM, that money will double every 7 years, give or take. That means you'll have $60k in 7 years, $120k in 14 years, etc. In 40 years, you'll have 1.3million. And that's without making any more contributions. If you do add something small (like 100 a month), you'll have almost 2 million. $30k alone is not going to magically transform your life overnight. But, it will change your trajectory quite nicely. PS--read JL Collins' Simple Path to Wealth. Your local library likely has it and it will teach you a huge amount about investing.
pay off your debt 6 month emergency fund into high yield savings account Roth Ira max into SPYM QQQM rest into regular brokerage SPYM QQQM auto reinvest all Dividends
Put most of it, $300k, into an S&P 500 ETF. SPYM is a good choice with the lowest expense ratio of 0.02%. Keep $100k in emergency savings. A) A Treasury ETF. They are exempt from state income taxes on your interest earned. Either SGOV or VBIL. B) A high yield savings account with 3% or higher interest. Wealthfront, SoFi, Capital One, American Express, Barclay, or Marcus. More liquid than a Treasury ETF, but not state tax income protection. A better choice if you live in the 9 states without state income taxes.
No, the spread doesn’t really delay the transaction. It’s just the gap between the price buyers are bidding and the price sellers are asking. Example: if the bid is $100.00 and the ask is $100.01, a market buy will usually fill around $100.01 and a market sell around $100.00. That tiny gap is the “cost.” If you use a limit order during normal market hours, you can control the price you’re willing to pay. The only time it may not execute immediately is if your limit price is too aggressive. For weekly/monthly investing in something liquid like SPYM, the spread is probably not a major issue. Just avoid market orders at the open/close.
SPYM isn’t exactly illiquid. State Street lists it with about $137B AUM, 3.4M shares traded on the primary exchange, and a 30-day median bid/ask spread of 0.01%. For a weekly/monthly investor, that’s probably more than enough liquidity. SPY is the better trading vehicle, but for buy-and-hold the lower expense ratio matters more.
For your brokerage, you can choose IBKR (Interactive Brokers), which excellently serves international clients. For ETFs, you can opt for VT for global market exposure, invest in VOO, or give priority to SPYM. Like VOO, SPYM tracks the S&P 500 but features a lower share price and a cheaper management fee. Alternatively, you can enable UK stock trading on IBKR to buy London-listed ETFs. For instance, VWRA tracks the global market, and VUAA tracks the S&P 500. Both are accumulating ETFs—meaning they don't pay out dividends but automatically reinvest them to maximize the compounding effect. This approach saves you a significant amount in taxes. For one, the dividend withholding tax sent to the US government is reduced to just 15%. Furthermore, because these ETFs are domiciled in Ireland, they are exempt from US estate tax. To put that into perspective, the US only grants a $60,000 estate tax exemption to non-US citizens. Anything over $60,000 is hit with a massive 40% tax. For example, on a $1 million portfolio, the US government would take $400,000, leaving your family with only $600,000. On top of that, your home country might levy its own estate tax depending on your local tax laws. Therefore, investing in Irish-domiciled ETFs is your best bet. However, keep in mind that IBKR is virtually the only US brokerage available to foreigners that allows access to the UK market. Other US brokers only let you buy US-listed stocks, leaving you vulnerable to the 30% US dividend tax and the 40% estate tax.
I've been telling newbies to use SPYM in a taxable brokerage account since the S&P 500 index switch and lowered expense ratio. Long-term holders of VOO, IVV, or SPY should continue investing into them. No point in losing your great positions for a slightly less expense ratio.
That depends on your brokerage's margin requirement and the stocks you want to trade. If you want to wheel the SPY you should have 80k+ SPYM you'd want $9,000. This isn't a question with one correct answer.
I’m all in on SPYM, SPY and VOO are just \*expensive\* per share, I like having a bit more flexibility and still get the same exposure. I highly doubt they would change indices again.
Vanguard had first mover advantage. (They did it first) And so VOO if the gold standard everyone uses. There's been other that have come along and done it slightly better or for slightly lower price/fee SPYM is best example I know. If you are in it for 35+ yrs of investing that 0.01 will matter maybe $3000 or $4000 total in your life combined - so both are good choices I trust both and I own both. (Voo I always had) and more recently I have been adding as SPYM (SPLG)
Exactly! SPYM is super underrated. VOO hype is a bit annoying.
SPYM and VOO are pretty much identical we except for the expense. I prefer SPYM.
If you ask this question to AI and or read the wiki and follow it maybe spend some time watching the right YouTube videos.....financial podcasts etc You can do it your self and avoid a lot of fees that compound over the years. Most basic advice - get broad market low cost index funds like SPYM VOO VTI QQQM VXUS VT If you mix it up with some variation of those (and no others) you will be fine. Make sure you are making a Roth if under the limit - if over the limit max a traditional 401k and keep shoveling money into taxable brokerage accounts. It is not super hard. Just takes literally a few hours of reading for the basics to make sense. Remember that good enough is good enough at 27 yrs old. If you start working out 1% for financial advisor at 27 and do so for 35+ yrs you are going to give away a lot of freaking money. If you really feel a financial advisor is your best bet this early - ask alot of questions and learn "why" and how. Then commit to learn enough to do it yourself after two years
If you are starting now - instead of VOO you could use SPYM - same holdings but SPYM expense ratio is lower (0.02 vs 0.03)
SPYM 0.02% expense ratio for the S&P500 is the best
SapceX will still be in target date funds. Since most people just blindly accept the company 401k/403b plans, Elon will still get his money. Just not S&P 500 funds, small cap, nor international. It's a great time to invest into a S&P 500 fund. FXAIX, SWPPX, VFIAX, VOO, IVV, SPY, or SPYM.
GSEW and EUSA are equal weighted indexes with low expense ratios. So LILY and JP Morgan have the same weight as Nvidia and Google. However over 5 year + periods these will likely underperform VOO or SPYM. S&P index funds drop companies that shit the bed and reallocate for you.
Me I used to own a hundred shares of QQQ and QQQM but I have been slowly selling all the shares in my IRA 😔 I was going to start some weird sector thing with dfus until sp500 recently announced they wont rug pool for SpaceX so I am loading up all my handy cash into VOO and SPYM. And it actually came at a good time for me cause I sold a lot of QQQM and QQQ - Thursday and Friday morning. Then Friday the bottom dropped a couple inches. So that was good
Hi, I am looking to rebalance my 401(k) portfolio and reduce my exposure to SpaceX. I am considering shifting toward S&P 500 index funds (SPYM) and VXUS instead. Does anyone know whether VTI, VT or other total-market index funds would include SpaceX immediately after it becomes publicly traded, or whether they have better eligibility requirements similar to the S&P 500? Thank you.
SPYM in a taxable brokerage account due to the lowest expense ratio of an S&P 500 ETF. Either FXAIX or SWPPX in an 401k, IRA, or Health Saving Account (HSA). Low expense ratio and being an index mutual fund it psychologically reduce a panic selling temptation. Fidelity uses FXAIX. Chares Schwab uses SWPPX.
A) Stability. The standard deviation on the S&P 500 ETFs and index mutual funds are 2nd most stable with 7% or higher upward growth. Only ETF VT is more stable. B) Quality stocks. All the stocks in the S&P 500 index need to have 4 straight quarters of profits. Basically, a collection of winners. C) Low expense ratios. As low as 0.015% to 0.19%. For ETFs, as low as 0.02% (SPYM). These are very small prices to pay for stable winners.
Will SPYM be safe to avoid SpaceX as well or is it just VOO?
I'm getting in on it whether I want to or not thanks to the corruption that's letting it infest broad market index funds. Unless I want to completely check out of SPYM until the smoke clears, which goes completely against my personal investment philosophy of buy and forget.