IVV - 2 iShares ETFs That Could Help You Retire a Millionaire
2024-03-29 04:10:00 ET
Some investors derive pleasure from picking individual stocks, others find the entire process of buying specific stocks a bit overwhelming. But investing doesn't have to be complex. For example, if you are looking to build a high-quality foundational portfolio as quickly and easily as possible, you can do it with just two iShares exchange-traded funds (ETFs): iShares Core S&P 500 ETF (NYSEMKT: IVV) and iShares Core U.S. Aggregate Bond ETF (NYSEMKT: AGG) .
Here's what you need to know, and some details on how this simple two-ETF portfolio could help make you a millionaire, given enough time and a steady level of investment.
The iShares Core S&P 500 ETF focuses exactly on what its name suggests -- it replicates the S&P 500 index . This index is comprised of roughly 500 stocks, but the really important part of this story is that they aren't randomly selected. A committee picks the companies that it believes are the most representative of the broader U.S. economy. So there's a guiding hand of sorts that helps to keep the index relevant with the changing world around it.
For further details see:
2 iShares ETFs That Could Help You Retire a Millionaire