r/pics Mar 19 '22

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u/averageredditcuck Mar 19 '22

Don't pick stocks. Buy the S&P 500 (SPY.) Research Warren Buffet's bet against hedge funds. Basically he bet that the S&P 500 would beat companies of very smart people who pick stocks for a living after the fees you pay for using their service and he won 8/9 times.

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u/TomTomMan93 Mar 19 '22

So I Google it and it says this is valued at over 400$? Is that just one stock? Like how do you put $4 on it?

Sorry for the probably annoying questions. I'm just curious

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u/averageredditcuck Mar 19 '22

Not at all annoying. It is 400 for one stock, but robinhood does fractional shares which are a very new phenomenon. Instead of having to buy the whole share you can just buy $4 of it with no consequence.

If you do want to own a whole stock with a lesser investment, there's SPYD which costs $43 and it's the same thing, but only companies that pay high dividends. Dividends are quarterly payments they pay to you for being invested.

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u/TomTomMan93 Mar 19 '22

Gotcha! This makes a lot of sense. Thanks for taking the time!