money guidance and how to get rich_275

_{Spiders, trading on the AMEX (American Stock Exchange) under the}

_{ticker symbol "SPY," are Standard & Poor's 500 Depositary Receipts.}

_{Just like S&P 500 index funds, they represent a bundle of 500 of America's}

_{biggest and brightest corporations. But, unlike index funds, which}

_{are mutual funds, Spiders trade like shares of stock. They're valued}

_{at about 1/10th of the value of the S&P 500 index (around $150 each,}

_{as of this writing).}

_{Spiders have some advantages over their index-fund brethren. Whereas}

_{funds sometimes have minimums of several thousand dollars, you}

_{can buy and sell Spider shares as little as one at a time. And, while you}

_{have no control over when mutual funds generate taxable capital gains,}

_{with Spiders, gains or losses occur mainly when you sell your shares.}

_{Technically, you're not the shareholder — the mutual fund is. Usually,}

_{only a legal representative of the fund (such as the manager) can}

_{represent the fund as the shareholder of record. Still, it doesn't hurt}

_{to ask. Give the company a call, ask for the Investor Relations department,}

_{and inquire whether you can attend.}