SPY was originally purchased 06/28/2004 for $114.20/share. Today I am booking a 61 cent profit over 6 years. SPY also provided me with dividends amounting to nearly 10% of the purchase price of the ETF: SPY.
From the peak of the S&P 500 in November of 2007 to today the stock dropped 57% but has rebounded to only being down 26% off the Nov 07 peak.
With elections coming up, I’m not sure which way the market will move. Especially after this huge September move.
Likely with uncertainty caused by the fall elections, they will go down. Therefore I am reducing risk by selling all SPY holdings. I will consider re-investing after the elections.