Lesson 1 / 4 · 5 min · take your time
SPY is a share of a fund, not the S&P
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Board 01
SPY is a share of a fund, not the S&P
Right. SPY prints like a because it is a share — a slice of a listed fund. The S&P 500 is a recipe. Nominative: that mark stays with S&P Dow Jones Indices LLC. You cannot buy the recipe on this board. You cannot buy the fund share here either.
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Right. SPY prints like a because it is a share — a slice of a listed fund. The S&P 500 is a recipe. Nominative: that mark stays with S&P Dow Jones Indices LLC. You cannot buy the recipe on this board. You cannot buy the fund share here either.
People say “I own the market.” They own a wrapper, if they own anything, at a shop we do not run. on SPY is two people agreeing on the fund . It is not the official close. It is not Apple. It is not a coupon.
Open the name. Read the fund- line. Then sit. Look. Do not buy. Not a broker. is fake. is a , not a coupon.
See it on the board: SPDR S&P 500 ETF Trust
Say it back below. Then the next lesson opens. If you leave the page, we will ask to save your spot.
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