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Personal Finance and Investing

jmbar2

(6,897 posts)

1. I am not a professional advisor or anything, but...

Reply to bif (Original post)

Thu Oct 14, 2021, 12:36 PM

Oct 2021

I've been trading for many years now.

A few years ago, Warren Buffet was asked if he could invest in only one stock, what it would be. He said the SPY. Not really a stock, but an ETF based on the Standard and Poors.

I would have to agree. It has had unparalleled growth forever, and pays a good dividend. Just reinvest the dividends into buying more shares.

Even in recessions, the SPY may dip, but will be bought up voraciously by big money and bounce back. Keep adding with dividend reinvestment, up or down, and you will do great.

https://www.macrotrends.net/stocks/charts/SPY/spdr-s-p-500-etf/stock-price-history

Good luck!

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Need some advice on ethical investing. [View all] bif Oct 2021 OP

I am not a professional advisor or anything, but... jmbar2 Oct 2021 #1

SWEET he said that, elleng Oct 2021 #4

Good for you jmbar2 Oct 2021 #5

Sierra club used to have a mutual fund but it is gone now. LT Barclay Oct 2021 #2

There are a bunch of ethical and green funds available JT45242 Oct 2021 #3

I would do some research and reconsider the annuity idea. 3Hotdogs Oct 2021 #6

I would choose a company that you would enjoy following and being part of your life mdmc501 Oct 2021 #7

Thanks for all your advice. bif Oct 2021 #8

Met with our advisor yesterday... bif Oct 2021 #9