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Is Vanguard 500 Index Fund ETF Your Ticket to Becoming a Millionaire?
If your goal is building a million-dollar portfolio, but you don't know where to start, one of the best investment choices you can make is to buy the Vanguard 500 Index ETF (NYSEMKT: VOO). It isn't exciting, but it is easy, and the long-term performance of the index it tracks has helped many investors achieve their financial dreams. It could do the same for you, even if you don't time your investment perfectly.Here's what you need to know.The Vanguard 500 Index ETF does nothing more than track an index, so it really doesn't do anything itself. The index is doing all the work. In this case, the index is the venerable and widely followed S&P 500 (SNPINDEX: ^GSPC).Continue reading
If your goal is building a million-dollar portfolio, but you don't know where to start, one of the best investment choices you can make is to buy the Vanguard 500 Index ETF (NYSEMKT: VOO). It isn't exciting, but it is easy, and the long-term performance of the index it tracks has helped many investors achieve their financial dreams. It could do the same for you, even if you don't time your investment perfectly.
Here's what you need to know.
The Vanguard 500 Index ETF does nothing more than track an index, so it really doesn't do anything itself. The index is doing all the work. In this case, the index is the venerable and widely followed S&P 500 (SNPINDEX: ^GSPC).
