XSP - it’s a great way to trade SPX with a smaller account!
$S&P 500 Mini-SPX(.XSP)$ it’s a great way to trade $.SPX(.SPX)$ with a smaller account!
It’s 1/10 the size /price and still has the same tax benefit as SPX. Put from the top on three made already nearly $500.
With SPX or XSP The tax benefits could be significant. 60% of your profits are taxed as long term gains (15% or 20% depending on your income level), and the other 40% are taxed at short-term rates (same as your regular income tax.
With $SPDR S&P 500 ETF Trust(SPY)$ , all profits will be taxed as your regular income.
SPY targets for 2025. We posted ours here in this
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