On February 26, 2025, I wrote a post about my optimism towards the long-term prospects of the US economy and the S&P 500. I am so confident that I put my money where my mouth is and bought $100 of the SPDR S&P 500 ETF. You can read the full post here.
Here’s proof that God has a sense of humor. I couldn’t have picked a worse time to invest. Here’s what the SPDR S&P 500 ETF has done since February 26.
I was listening to a podcast this morning and they were saying that the S&P 500 slide over the last 2 weeks is the 7th largest 2 week drop of all time. I haven’t gone back to fact check this, but it feels true.
My Investment
Let’s check how my investment is doing.
You can see at the far right, my cost basis is $99.77. I bought 0.167 shares at a cost of $597.43 per share.
Current value is 93.98. I’m down 5.8% in 2 weeks. Thank God for the Friday market bump, else I’d be down 7.86%.
How Do I Feel?
$100 isn’t my life savings, so I look at this and laugh a bit. I can’t remember a worse 2 week period in the market, at least not since 2008.
Though I am a bit embarrassed. I made a public statement and put it down on the internet for all to see – forever. Doh!
Though in My Defense…
I did say:
That’s a direct cut/paste from the post. Go back and see for yourself.
Wrap-Up
I had to laugh this morning as I thought back on writing this post just 2 weeks ago.
Pretty funny. Embarrassing, but funny.
I do however stand by my optimism for the US economy and the S&P 500. Like all of you, I have quite a bit invested in equities – both individual stocks and equity mutual funds, so the last 2 weeks have been rough. I believe that the volatility we are seeing is common, that it will happen again and again, but that in the long-term, we will end up way ahead. Read posts here, here and here for more about volatility and the long-term prospects for the S&P 500.
Stay invested and have a laugh at my expense.