What is SP 500 & Why a 2017 Buffet Experiment Leads to FNILX?

The Standard and Poors 500 Index, a U.S. market benchmark, is quoted daily, with institutional and personal investments mirroring its ebbs and flows. In his 2017 Annual Letter to Shareholders, Mr. Warren Buffet shared findings of a financial experiment he conducted between 2008 and 2017. In this experiment, Mr. Buffet quantified the value in passively investing in the Standard and Poors 500 Index compared to having an energetic style. Passively Investing in the S&P 500 delivered a 2.0% better-annualized return. Launched in 2018, the Fidelity ZERO Large Cap Index Fund (FNILX) speaks to Mr. Buffets’ advice of investing in a “virtually cost-free” index fund. In reality, the FNILX Index Fund is cost-free, i.e., no expense ratio, an index fund that looks almost like the Standard and Poors 500 Index.

Robinhood- A Trading Platform With and For a New Generation. Some Metrics to Keep Track Of.

After a soft-IPO debut on July 29, 2021, Robinhood Markets Inc (NASDAQ: HOOD) closed 24.20% higher at the end of the trading session on August 3, 2021. Other trading platforms that are publicly traded include Charles Schwab Corp (NYSE: SCHW) and Interactive Brokers Group Inc (NASDAQ: IBKR). As of their recently published financial statements, Robinhood Markets Inc had 18 million accounts, Charles Schwab 32.27 million accounts, and Interactive Brokers 1.41 million accounts. Other metrics such as Total Assets and a unique asset class highlight Robinhood Markets Inc’s unique product offering.

Trillionaires Reported Earnings. Here Are Some Key Takeaways.

Members of the exclusive Trillion Dollar Market Cap Club, Apple Inc, Microsoft Corporation, Alphabet Inc, Amazon.com Inc, and Facebook Inc combined for $259.06 billion and $74.90 billion in quarterly revenues net income in the week ending July 30, 2021. Together these club members comprise little over 20% of the Standard and Poors 500 Index and over 40% of the Standard and Poors 500 Top 50 Index. Regardless of poor stock price reaction based on earnings, the results shared by the trillionaires have defined metrics that provide purpose to stay engaged.