If the market dumpster fire we trudged through in 2022 taught us anything, it’s that we must swing our portfolios away from this: We’re Swapping Share-Price “Flameouts” Like This… That’s the chart of “America’s ticker”—the SPDR S&P 500 ETF Trust (SPY)— last year. I call SPY “America’s ticker” because it’s by far the most popular way to track the S&P 500, a staple in many folks’ portfolios. But its popularity does not translate into safety. Just holding this simple index fund last year meant taking a 20% haircut—with plenty of heart palpitations along the way! And even with this year’s rebound, the S&P 500 is still 4% below its January 2022 levels as of this writing.… Read more