When billionaires buy, pay attention.
Over the last several weeks, billionaires like David Shaw of D.E. Shaw, Israel Englander of
Millennium Management and Ray Dalio of Bridgewater Associates all jumped into the SPDR
S&P 500 ETF Trust (SYM: SPY). In fact, David Shaw increased his holding of the SPDR S&P 500 ETF by
256% to 498,167 shares. Israel Englander boosted his holding by 81% to 5,566,606 shares.
Ray Dalio increased his stake by 18% to 836,965 shares.
Even Warren Buffett holds the SPY.
In fact, on a few occasions he has said that one of the best things an investor can do is to own
the S&P 500 index fund. “I like Berkshire, but I think that a person who doesn’t know anything
about stocks at all, and doesn’t have any special feelings about Berkshire, I think they ought to
buy the S&P 500 index,” he once said, as quoted by Morningstar.com.
With that, and how oversold it has become, now is the best time to jump into the fund.
For one, the SPY is now oversold just under its 50-day moving average at $586.10. Two, it’s
over-extended on RSI, MACD and Williams’ %R. From its last traded price of $586.10, we’d like
to see the fund initially retest $610.
Also, with an expense ratio of 0.0945% and a 30-day yield of 1.14%, the SPY looks to provide
investment results that correspond to the price and yield performance of the S&P 500. It also
holds 502 of the most-respected stocks on the S&P 500, including Apple, Microsoft, Nvidia,
Amazon, Meta Platforms, Tesla, Alphabet, Broadcom and Berkshire Hathaway.
Again, from its last traded price of $586.10, we’d like to see the fund initially retest $610.
Continue Reading: This tech company grew 32,481%…Don’t ignore it.
Named last year as the fastest growing software company by Deloitte1, this company has turned an entire industry on its head.
It even outgrew giants like Moderna during the pandemic period!
The question is: how did they do it?
By disrupting a product that almost no one on this planet can live without: the smartphone.
People spend 30 hours a week on their phones on average, and this company has found a way to pay people for their everyday cellphone usage.
They’ve created the easiest passive income source imaginable and have already helped customers earn and save over $325M!
Investors are flocking to invest in their company, yet you’re probably wondering how you haven’t heard of them by now.
The thing is, they are still private, though that may not last much longer.
They’ve just been granted the stock ticker $MODE by the Nasdaq!
This could be the biggest disruption to the smartphone that we’ve seen, and you still have a chance to invest in their company before they go public.
They’ve already generated over $60M in revenue and may soon reach a point where they no longer accept outside investment.
The deadline to invest and receive your shares this year is 12/20 – don’t miss it!
