---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/39544974.md"
description: "By the way, let me tell you a horror story: Do you think US stock indices, like the most stable $SPDR S&P 500(SPY.US), meet the following requirement? Even calculated on a pre-adjusted basis, from January 1, 2000 to January 1, 2013, for 13 years, SPY was continuously trapped in losing positions (only briefly breaking even for a very short time in 2007)."
datetime: "2026-03-26T11:57:28.000Z"
locales:
  - [en](https://longbridge.com/en/topics/39544974.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/39544974.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/39544974.md)
author: "[輸棟樓的韭菜](https://longbridge.com/en/profiles/10647684.md)"
---

# By the way, let me tell you a horror story: Do you…


### Related Stocks

- [SPY.US](https://longbridge.com/en/quote/SPY.US.md)

## Comments (21)

- **三国杀的交易员 · 2026-03-26T12:57:47.000Z**: spyi 直接解决这个问题
  - **輸棟樓的韭菜** (2026-03-26T14:59:05.000Z): If it can't be solved, you can backtest it with a model. It might be a few years less than 2013.
  - **三国杀的交易员** (2026-03-26T15:10:43.000Z): You are right
  - **三国杀的交易员** (2026-03-26T15:12:01.000Z): But it's been almost 10 years, not bad either.
- **艾聖博 · 2026-03-26T12:30:07.000Z**: This only happens when you chase highs during a market frenzy. Right now is clearly not the peak of the frenzy. Instead, the market is very anxious.
- **奇迹的交易员cola · 2026-03-26T12:23:20.000Z · 👍 4**: $State Street® Bridgewater®AllWeather®ETF(ALLW.US)👻Are you looking for me?
  - **輸棟樓的韭菜** (2026-03-26T12:42:03.000Z): yes！
- **卢氏一族 · 2026-03-26T12:16:47.000Z**: Excuse me, Brother Chive, if retail investors want to be more stable and hold for a longer period, for example, can they buy ETFs like NVDY to reduce losses when investing in NVIDIA? Naturally, big gains would also be reduced, is that acceptable?
  - **輸棟樓的韭菜** (2026-03-26T12:21:21.000Z): It can reduce volatility risk, but may be amplified by systemic risk.
  - **卢氏一族** (2026-03-26T13:19:39.000Z): Thanks for the reply
- **FakePhoenix · 2026-03-26T12:09:00.000Z**: Investing is to ensure that one's money does not shrink. If the assets do not continuously appreciate, then not unwinding the position is also acceptable.
  - **輸棟樓的韭菜** (2026-03-26T12:12:35.000Z): You also need to consider the time cost and opportunity cost. If you can endure being stuck for 13 years, what about 53 years, or even 103 years?
  - **FakePhoenix** (2026-03-26T12:14:23.000Z): Then I would have been long gone～If there's a global financial crisis, then investment would be the least of things to consider.
  - **FakePhoenix** (2026-03-26T12:16:24.000Z): The essence of U.S. stocks is the infinite dilution of the U.S. dollar, which is why they are bound to rise. It's impossible for them not to rise continuously under the condition of excessive dollar i
- **道可道99 · 2026-03-26T12:00:19.000Z**: 韭神 Duan Yongping said if you really buy SPY, it means you understand investing.
  - **輸棟樓的韭菜** (2026-03-26T14:59:44.000Z): Even if you know how to invest, can you still be trapped for 13 years?
  - **道可道99** (2026-03-26T23:48:55.000Z): When you put it that way, it makes sense too 🥹
- **浩浩荡荡地 · 2026-03-26T12:00:03.000Z**: Yes