[Proposal] Whitelist S&P Index Fund - SPY

Poll Link: https://terra.mirror.finance/gov/poll/67

Investing in index funds is considered as one of the best investments one can make because it provides broad diversification across a collective of stocks. This allows for someone to minimize losses by spreading out an investment over multiple companies but only investing in one asset. In just a single trade you own tech stocks, consumer stocks, utilities, real estate, and more.

Warren Buffet made a one million dollar bet that an S&P 500 index fund would beat the returns of an actively managed hedge fund over ten years and he won that bet by a landslide. The goal is to provide global access to index funds without the fees.

The S&P 500 Index was selected because it is a market-capitalization-weighted index of the 500 largest U.S. publicly traded companies. The index accounts for 80% of the market value of the U.S. equities market. The S&P 500 is also float-weighted index, meaning company market capitalizations are adjusted by the number of shares available for public trading. Below are the 10 largest companies of the S&P 500 as of December 31, 2020:

  1. Apple Inc. (AAPL)
  2. Microsoft Corp (MSFT)
  3. Amazon.com Inc (AMZN)
  4. Facebook Inc (FB)
  5. Tesla (TSLA)
  6. Alphabet Inc- A shares (GOOGL)
  7. Alphabet Inc- C shares (GOOG)
  8. Berkshire Hathaway (BRK.B)
  9. Johnson & Johnson (JNJ)
  10. JP Morgan Chase & Co (JPM)

The SPDR S&P 500 Trust ETF, also known as the SPY ETF, is one of the most well-known funds that tracks the S&P 500 Index. The SPY has generated an average annual return of just under 10% since inception. Over the past three years the SPY has generated an average return of 13.25%. The SPY is well diversified and allocates its fund into multiple sections, such as 27.86% information technology, 13.34% healthcare, 10.44% financial services, 10.97% communication services, 8.12% industrials, 6.09% consumer staples, 12.96% consumer discretionary, 2.70% utilities, and 2.44% real estate.


This is a great idea. We need a few more listings like this. Tech equities are great, but indexes and ETFs are a good idea too. I was really happy to see USO when I got involved with Mirror.

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An ETF without the fees! That’s so cool!

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Setup the poll and link.

Exactly… fee less ETF.

I often talked about ideas like this. In addition to SPY, various index ETFs must be listed.


You’re right! I’d like to start getting other indices listed fast as well. Specifically from other stock markets outside US.

… then we can start tokenizing aggregate indices!

Which index would you like next?

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What if we were to do some massive blended global index… if such a thing exists.

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Even variants that were additive or subtractive of certain themes. Eco, Energy, Defense, etc…

In the same theme: CLEAN ENERGY ETF

Such as this: iShares Global Clean Energy UCITS ETF | INRG | IE00B1XNHC34

There is mUSO which is oil :oil_drum: which is MEH, clean energy is YAY


please start a new topic.


This is a great proposal, and more will be needed like it in the future for multi asset portfolios to be built. Imagine a L2 funds management solution running portfolios of equity / bonds / alternatives on Mirror. Yeah there is interest in tech stocks from the current batch of crypto investors, but the real trick will be capturing interest from the long term savings / pensions type markets. The scale is multiples of that interested in tech stocks. Just a thought, SPY is a great step forward, we really need to get it accepted.

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I will vote in favor for sure.

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SPY is a great idea for broad market investing on Mirror. Voted Yes!


Thank you! Next time we’ll get one through!

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We really need to get this through this time. This would make us much more attractive to passive Investors who value Diversification. I know I would probably increase my Investment in Mirror 10x with such a fund present.


it has my votes!!!

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New Poll Link: Mirror
(can’t edit oP)

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Seeing SPY on Mirror would be awesome!

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So after discussing with DO my view is that we should add, but once v2 is out.