Stocks Go Higher so does the SSO
Think you're an expert stock picker? How many of your stocks went positive last year, how much did you actually gain in your portfolio? Why risk individual stocks when you can buy the S&P 500 Index and get a dividend to boot. The answer is the SSO.
In past 12 months the ProShares Ultra S&P500 (ETF)(NYSEARCA:SSO) is up 31% and in 2017 its up 11%. Since 2016 the SSO is up 34% and it pays out a quarterly dividend of 0.5%. Sure that dividend is chump change but some of the best growth stocks offer ZERO for a dividend. Every year we try and beat the market. Every year the average investor pulls their money after suffering losses and comes out less than the averages. The question becomes why try and fight the market when you can just be a passive investor and enjoy the climb of stocks on a broader scope?
ProShares Ultra S&P500 (SSO) is essentially a double play of the S&P 500 Index. If the S&P 500 goes up 1% for the day the SSO goes up 2%. The S&P 500 Index is a measure of large-cap United States stock market performance. It is not the Dow Jones which is just the average of 30 stocks. The S&P 500 is right now is made up of 505 stocks and covers 80% of the U.S. equity market by capitalization. It's the Lazy Man's investing vechicle of choice.
To make you feel even worse the SSO is up 190% in the last 5 years. Have you done as well?
Nobody knows where stocks are headed. But if you do believe stocks are heading higher in general then the SSO is your answer.
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