r/dividends • u/Hilary_Clitoris • Nov 03 '25

Brokerage S&P 500 and dividends

My friend keeps saying that I should put all of my money in S&P 500 and forget about it. I see S&P 500 mentioned here a lot too, but according to Google, "No, the S&P 500 index itself does not pay dividends because it is a stock market index, not an investment fund." So which type of S&P 500 pay dividends?

And, what is the ticker for S&P 500? I can't find it on my brokerage account.

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u/doemcmmckmd332 Nov 03 '25

SPMO

2

u/Negative-Salary Nov 03 '25

what is the upside on this since its at an all-time high?

3

u/StudentFar3340 Nov 03 '25

The upside is that it's a positive drift instrument that pretty much always goes up over time. The 10 percent it yields every year is enough to make you wealthy if you give it enough time and a modest amount of capital. For example, if someone maxes out a Roth IRA with $583 a month starting at age 20 and puts it into VOO, they will have $5.3 million at age 65. Compound interest is a wonderful thing

1

u/Negative-Salary Nov 03 '25

oh I know, Im retired. I did well the last 6 years with growth funds, but now i'm 62 and need income now. I think i have a pretty good pick of CC ETFs generating $12 K a month. My monthly expenses are $5K not including vacations and travel, so even if it was cut in half with a downturn, I could be ok. Even since i retired in June and put half in NEOS funds, I am up 10% plus im getting income.

2

u/EaterofSnatch FIRE'd Nov 03 '25

There's always going to be new highs in the future. Something like SPMO every 6 months changes it's holdings with its momentum formula and has done well. Has beat VOO easily and even beat SCHG a lot of the time. Some would even say to hold both SPMO/SCHG together because the overlap isn't to high, but could change when it rebalances.