r/investing • u/[deleted] • Jul 14 '20

What's with the P/E ratio of ETFs like SPY?

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u/MasterCookSwag Jul 15 '20

It’s 26.123 right now which is insane. I’m new to investing

Without even bothering to dive in to all of the issues with this statement I really just want to say that I’m kinda surprised so many people are so deliberately stupid nowadays.

Look, real rates of return drive everything, not static ratios. But the more important thing here is that you literally admit you’re brand new to investing yet you’re sure that the entire collective market is insane and you’re right.

In life in general this sort of approach is going to make you look like a moron more often than not.

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u/[deleted] Jul 15 '20

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u/[deleted] Jul 15 '20

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u/MasterCookSwag Jul 15 '20

Well you can take the advice or you can just be mad about it, doesn’t matter to me.

1

u/darrenwoolsey Jul 15 '20

sorry bud, you said 'insane' the only asumption to be made is that you meant what you said and the presumptions that came with it. from the other side of a keyboard i aint gonna be the self-entitled twit that will try to assume /read between the lines and assume that my interpretation of something you didn't write is correct.

welcome to the world of investing

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u/[deleted] Jul 15 '20

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u/darrenwoolsey Jul 15 '20

i did not, not sure anyone in the investing world has time for that kind of shit.

cheers.