Hello and welcome to Broanomics. Now, in this episode, I wanted to tackle some of your questions

because there have been some quite good questions piling up underneath the videos. So I thought

to myself, who do I know who can talk about that? Well, it's me. Anyway, so we've also got this

lovely format thing that they've developed for the Lotus Eaters Daily and I thought well yes I can I can use that

in order to have some questions and go through them and hopefully say something rather useful

so here we go broconomics series you know and love it very well let's go into that was a solo

episode infinite money glitch I seem to remember there's

some good questions in there. So let's have a look. Oh, actually, before I start on the questions

for that video, earlier today on the podcast, our good chap Alex asked me a question. Actually, let's see we can get

the editors to insert it here. This question is for Dan. I'm a fairly risk-averse guy,

and I like to see steady growth over a long number of years. And I'm eyeing the SPY

ETF trust for the SMP 500 index fund. Is there any

downside to investing in something like this? I know you're not going to give me financial advice.

Swink, wink. Okay. No need for the disclaimer. Uh, I appreciate your help, but it's had a 25% year

over year increase in the last four years. Seems like a safe bet.

Is there something I'm missing?

Thank you very much.

So Alex is asking about the SPY ETF trust.

Now, so SPY is the Standard and Pause index,

presumably what the SP stands for.

I don't know what the Y stands for. And it is basically a broad index of the 500 companies and the S&P index. Now, it's really difficult to give

personalized advice because I don't know your circumstances. The bit that is relevant in this

...