What is a mutual fund or investment that best represents the S&P 500?

Is there an index fund, mutual fund or some other investment that is basically a good indexing or mirroring of the S&P 500?

The S&P 500 itself is an index fund. You can get it through most brokers, including Vanguard. It performs quite well!

I am not a financial adviser, but remember to diversify, and invest in some emerging market international funds... I got one that made 29% this year. :)

The exchange traded fund (ETF) with the symbol SPY. There are many SP500 index funds, both ETF and mutual funds.

The absolute best and cheapest is the Vanguard S&P 500 Index fund.

All index funds are not created equal. Make sure you check the expense fee. Vanguards is 0.18% Others charge up to 1.5% Doesn;t sound like much, but it adds up over time.

VFINX is the ticker symbol so it can be purchased with a broker, or contact them directly. Direclty would be cheapest, but if you cannot afford the minimum, through a broker would be the second option.

There are also EFT (exchange traded funds) that mirror funds or baskets of stocks. There are several ETF's that mimic S&P 500 performace.

SPY is very common S&P500 ETF. There are also some other common ETF's listed in a link I will provide you.

Good luck. The S&P 500 is a great investment tool for investors. Put in steadily and you'll be rewarded.

http://finance.yahoo.com/q?s=vfinx&d=t

Ticker BEP. It's an S&P covered call with a nice dividend.

SPY is the symbol for an ETF of the S&P500 index. You can buy it through any broker (preferably a "discount" broker).

If you're buying in installements the next best way to go is the Vanguard S&P500 index fund.

These are the two most basic ways to go & the least expensive. The SPY is the most active "stock" on the American Stock Exchange. The Vanguard S&P500 Mutual Fund is the largest index fund in the USA.

vanguard has one called the sp 500...fidelity has one too, but it goes by some fancy name