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I lost about 2k by investing in SPYG at the wrong time, lol. At least they are still unrealized losses since I haven't sold
Think about it in a multi year strategy. So far, since it's inception the market always goes up. Billionaires get richer when it goes up, even if hedge funds short the crap out of it, so it's still a good bet.
Now I hope I don't eat those words, but I've literally pulled myself out of poverty with this strategy which I started around 2007 or so. I'm not rich, I still have to work, but I can now have nice things.
It's at it's highest ever point? The whole point of growth ETFs is buy and forget, you're not supposed to check it everyday and be upset when you've "lost" money because the markets are down from the day before.
Nope it is not. Current SPYG share price is $63.05 and I bought it at $72