A Rewarding SPY Ride

March 5, 2013

Just to give you some idea of  the interesting profit potential of SPY and its cousins  ( VOO / IVV ), as of today, $ 1 million invested on June 11, 2012 has grown by $143,000 ( 14.4% ) in just under nine months with no SPECIFIC risk….just MARKET risk.

In his latest letter to Berkshire Hathaway shareholders, Warren Buffett compares Berkshire performance to SPY indicating that SPY beat Berkshire on the latest year to year comparison and that SPY will probably always outperform Berkshire in better than  good market years.  What else is left to say ?  If Buffett’s Berkshire can’t outperform SPY, what do you think of your chances  ( or others managing your financial investments )  to outperform  Warren Buffett ?!!

I suggest you read the full text of Buffett’s  2013 letter to Berkshire Hathaway shareholders.

So, for me, that narrows everything down to one variable, TIMING the market……  And for me ( and you, as a layman investor, )  that’s a lot easier to deal with than the multi dimensional array of risks  offered by individual companies.

Richard Maurice Gore

 

 

 

 

10 Responses to “A Rewarding SPY Ride”

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    To Link – I get the sense that you are a professional investment advisor ? Sorry….RM Gore

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    I’ll post again whenever I believe I have done something that my constituency, jobless 401Kers rolling into IRA’s, can learn from. Its a jungle out there…ie on Wall Street ! RM Gore

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    Sorry for the spam mess which is a reflection of my inexperience at getting rid of spam. I’ve gone on Craigs list to locate some on site, shoulder to shoulder help.
    I suppose I’ll need to wait for my nephew ( web site developer ) to arrive from Boca. RM Gore

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    Thanks for the encouragement . RM Gore

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