%% Yes; SPY could easily drawdown 50% /qqq=80% + they have in the past...…………………………………………………………………………………………………………..
Olive1989, ever thought about using Schwab in the US ? They offer an index fund on the S&P 500 with a superlow 0.02% expense ratio ! https://www.morningstar.com/funds/xnas/swppx/price
i think i see what your issue is. I have the same exact issue. Someone emailed me back and said i have to fill out a form with IB to be ALLOWED to purchase ETF's but he wasnt clear on what forms i need to fill out. My account is with US IB so i'm looking for guidance from someone in here that knows exactly WHAT form i need to fill out to be allowed to buy etf's on IB. please help someone.
In IB there are forms for trading permissions under account.... If ur in IB ... to the right of the file dropdown it shows account drop down and go from there.... I did mine all online Or you can call them... chat online as well
That. Over the last 11 years, averaged and normalized for compounding, that has been a bit over 19% return per year. Granted, that has been an unprecedented bull market and a crash is surely right around the corner, but it will come back up in time, after all that. And you can always make a strategic withdrawal until it hits bottom, either selling, or hedging with SQQQ, or both. <EDIT> vs a little less than 13% for SPY