Anonymous
Anonymous asked in Business & FinanceInvesting · 7 years ago

How do i buy the sp 500 stock?

I want too buy the sp 500 stock, yahoo says the price is currently around $1,667 but I don't know the stock symbol for it - I thought it was sox but tradeking says the symbol does not exist. Help?

4 Answers

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  • 7 years ago
    Best Answer

    The S&P 500 (Yahoo! Finance symbol ^GSPC) is not a stock -- it's an index or benchmark which is a composite of 500 of the largest stocks. While you cannot trade the index per se, you can buy mutual funds or ETFs (exchange traded funds) that mirror the S&P 500 Index.

    Mutual fund examples are VFINX from Vanguard and FUSEX from Fidelity. ETF examples are SPY, IVV, and VOO.

  • 7 years ago

    You can use any of the following;

    IVV

    VOO

    SPY

    These are ETF's, which for this type of product is the least expensive way to go & the most efficient. Hopefully you know what an ETF is.

    SPY is the most popular..... but the IVV & VOO are very large also and are cheaper.

    Have you read one book on trading or investing? It might be a good idea to read at least 2 before you make a costly mistake.

  • 7 years ago

    You should try Vanguard. Their S&P 500 Index Fund

    (VFINX) is one of the best at a very low fee.

  • Google "index stock" or just go to my blog where I explain them in detail. Click on the "Money" tab.

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