VPU - Got $500 to Invest in Stocks? Put It in This ETF.
2024-04-13 05:38:00 ET
Got $500 to invest? The Vanguard Utilities ETF (NYSEMKT: VPU) should be at the top of your buy list. Since 2004, this exchange-traded fund (ETF) has generated 8.9% annual returns. These returns have been remarkably consistent, with positive returns posted over nearly every period, including the last one-year, three-year, five-year, and 10-year periods.
If you want your money to keep growing with minimal volatility, keep reading.
Utilities are typically dismissed as "boring" businesses. And in many ways, they are. Many utility stocks , for example, are regulated utilities. That means that they've been granted a monopoly to deliver a certain resource -- like water or electricity -- to a certain community. In exchange for this monopoly, the company agrees to cap how much profit it can produce.
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Got $500 to Invest in Stocks? Put It in This ETF.