SPX S&P 500

The Lesser of Two Evils: $SPY vs Individual Stocks $$

January 1990 through December 2009 (a period of 20 years) a total of 1,003 unique companies have been constituent members of the S&P 500.

Isn’t that crazy? This basically convinces me that owning individual stocks is very risky.

Dissolution of S&P500 is a lot less likely than bankruptcy of any given stock, and you’re at least guaranteed the dividend. Plus the options (for call writing) are very liquid and fairly priced.