VUG - Got $1000 to Invest in Stocks? Put It in This ETF.
2024-02-08 01:59:00 ET
There are many misconceptions about the stock market and investing. One of those is how complex it has to be. People assume you need a finance background or to spend hours researching companies, and that's not the case. You can do all of that, and it has its benefits, but it's not a requirement for making good money in the stock market.
A simpler approach is to invest in an exchange-traded fund ( ETF ) -- giving you exposure to many companies at once -- and trust them as a collective. If you already have an emergency fund saved and a plan to tackle any high-interest debt you may owe, there's one fund I'd invest $1,000 into without thinking twice -- and that's the Vanguard Growth ETF (NYSEMKT: VUG) .
People typically think of growth stocks as smaller or younger companies because those are seen as having more room to grow. However, that label isn't reserved for companies of a particular size. The Vanguard Growth ETF exemplifies this reality. Its holdings include only large-cap growth stocks (companies with market caps of at least $10 billion ).
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Got $1,000 to Invest in Stocks? Put It in This ETF.