SPY
(SPDR S&P 500 ETF TRUST) Next Target $440.08
If you had invested $1,000 in
SPY
on June 10, 2013, at a price of $164.80 per share, you would have been able to purchase 6.06 shares. As of June 6, 2023, the price of SPY was $428.03 per share. If you had held onto those shares and not reinvested the dividends, your investment would have grown to $28,997.22. This represents a total return of 190.06% over the 9.99 year period. SPY paid a total of $49.99 per share in dividends over this period of ten years. Therefore, if you had held onto those shares and not reinvested the dividends, you would have received a total of $302.94 in dividend payments. However, if you had reinvested all dividends, your investment would have grown to $31,289.39. This represents a total return of 212.78% over the 9.99 year period. This week is packed with news and events. The FOMC is the big one of the week, but we also have CPI, PPI, Bond Auctions, Oil Reserves (which may be important with the OPEC cut), and plenty of other big news. Any unexpected changes or hints about future interest rate decisions could significantly influence the stock market behavior due to their implications for rates, timing, and monetary printing.
*Disclaimer*
The information is purely for *entertainment* purposes, and is not meant to be, and does not constitute, financial, investment, trading, or other types of advice or recommendations. Do Your Own Due Diligence (DYODD)