Thanks. Plus the spy options are liquid.
I last bought a significant amount on 3/23/20. Nailed the bottom.
A pleasant result, but even nailing the bottom and buying at 0.93x last known book produced a slightly worse return than SPY.
That’s not the right way to look at it. You are not a money manager and you don’t have to beat the Index or other benchmark. You bought at a great price, just be happy.
That is not true. Everyone has a choice to just DCA in S&P index. We all think we are smarter. Most of us are not (including WEB).
Listen I understand index investing but that doesn’t mean it is the panacea for everything or everyone can do DCA.
The original point is when one makes an investment, there is an option of buying the index.
This is carrying over 35% cash during this period. Imagine if I had deployed that cash…
The Account where I carried 20% cash, had YTD 10.5%
Not sure what this chart is and what your point is ?