Why You Can Do Better Than the SPDR S&P 500 ETF Trust

SPDR S&P 500 ETF Trust (NYSEMKT: SPY) will always have a special place in the history of Wall Street. That's because the exchange-traded fund (ETF) was the first of its kind. But the ETF market has changed dramatically over the years and, today, investors can easily do better than SPDR pioneering ETF.Here's why -- and a look at a few of the more attractive alternatives.Without getting into the details of why exchange-traded funds were such an innovative investment tool, you can pretty easily explain what this SPDR ETF does. It buys the stocks in the S&P 500 index (SNPINDEX: ^GSPC). An index fund isn't a unique thing, and it wasn't unique when the ETF was introduced to the world. What was different was the ability to trade SPDR S&P 500 ETF Trust all day long.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool