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What is the S&P and how does it affect me?

Investing can be a complicated game, and you want to make sure you get your money's worth.What is the S&P 500? Standard and Poor 500 One topic people always want to talk about is the Standards & Poor's 500 Index or S&P 500 for short.

The S&P 500 is made up of 500 of the world largest and most profitable companies whose market capitalization is worth an estimated 6.1 billion. People see it as the leading indicator of equities in the United States and is a direct reflection of how well the large-cap universe is doing at the current time. It sets the bar for market value weighted index for the U.S. stock market and other S&P indexes. The five companies with the highest weights are Apple, Alphabet, Microsoft, Amazon, and Facebook.

What does the S&P 500 mean for you?

Performance wise, the S&P 500 is a concise gauge of large-cap American equities, meaning it is an amazing way to get a good return on your investments. Most people do quite well with S&P investments as it is a stable market with lucrative returns.

For more information on the Standards & Poor's 500 Index contact West Financial Group.

Make the REST of your life
the BEST of your life.

For more than 14 years our mission at West Financial Group has been to guide our valued clients to financial security. We strive to address all of your concerns, ensure you understand the products we recommend and take pride in knowing you’re comfortable with the direction and strategy we provide you.

Our goal is to provide a “WOW” experience at every client interaction! We want every meeting, phone call and event to be an interaction worth talking about. We want our clients to be able to say, “WOW, what an experience! I can't wait to tell my friends about our financial professional.”

Whether it’s financial, retirement, legacy planning or optimizing your future wealth, our approach includes understanding your unique situation, exploring your goals and discovering the best way to make the REST of your life, the BEST of your life. By getting to know you and your family, we serve as financial guides who keep your best interests in mind throughout the entire process.

Skip West | Financial Planner | West Financial Group

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Back when 401(k) plans were introduced during the Revenue Act in 1978, it let employees invest and save for their future from their paychecks. Great, right? Well, yes but most retirees don't know exactly how much to save for the rest of their days. Will they live comfortably? Or will the money run out because of unexpected medical expenses or other things? The SECURE Act rights that wrong and even promotes the use of annuities by companies! This is fantastic news since it's not an easy or cheap thing to get an annuity.

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