A while ago, I had a wonderful night out enjoying one of my birthday presents, a set of tickets to the tapings of The Debaters on CBC (at the Centrepointe Theater in Nepean). I had never heard of this show before I went that night, but I am now a fan, it is fast, witty, a bit raunchy and mostly fun. How could stock market index be a topic from this?
The host Steve Patterson is a quick on his feet moderator who also injects his opinions along the way, and I stumbled across the shows YouTube archive and found this interesting tid bit about Stock Market Index.
The Movie is here if you are reading
Should You Care ?
The point is well made, why do you care if the TSX S&P 500 is up, if every stock that you own is down (and vice verse)? Now Mr. Patterson does miss the point that there are whole market funds that DO in fact own that index (and all the stocks in it), but still some valid and good points made.
Aside from your original point, i would add that index’s should be used to track how well your portfolio is doing compared to the overall market.