Please excuse me but I haven’t a clue what I’m doing but I’m having a go anyway, just for a bit of fun and interest really. I read initially that the S&P 500 was a good long term investment so thought I’d buy a few shares but I bought some shares in the above. Now I’ve already admitted I’m clueless but what sort of shares did I buy because I’ve lost half the value of them over the last 9 months, is this the wrong S&P 500? Do you think the value will come back or should I cut my losses? Also, is there anywhere on these forums who can advise before I buy or shall I just keep watching YouTube videos. I have other shares that are up and down but I would really like to leave a half decent Portfolio for my Grandson to inherit one day. Thank you.
If yes, this ETF basically follows the S&P 500 VIX Futures, that is “normally” for short term investments, due that it has exposition to the VIX, commonly known as the “fear index”, it rises when there is volatility/fear/blood in the streets (usually the S&P 500 falls) and falls when then the sentiment is positive (S&P 500 rising).
Just see the long term trend (10 years) of this ETFs and some short term performance along the way (if I can bet, I’m betting that it is tending to zero in the long run) :
More on VIX:
If you want to invest in S&P 500, this ETF isn’t the correct way to invest. You can see in the site JustETF, a lot of ETFs with several flavors and some info on them. In every case, before investing in something, first read the most possible, specially in the issuer site/documentation of the financial product.
(Note: Amundi brought the Lyxor company and it’s now responsible for the Lyxor ETFs.)
