VUG - These 2 Simple ETFs Could Turn $100 a Month Into $1.4 million
2024-07-20 08:45:00 ET
Investors employ many strategies in their attempts to beat the market, some more successful than others. But if you have enough time to let your portfolio work for you and are committed to adding more money to it every month, you don't need to beat the market to retire comfortably. You could set up automatic monthly deposits into exchange-traded funds (ETFs) that track broad indexes and wake up in 30 years with a well-padded nest egg.
If that plan sounds sensible to you, consider following it by investing in the Vanguard S&P 500 ETF (NYSEMKT: VOO) and the Vanguard Growth ETF (NYSEMKT: VUG) .
The Vanguard S&P 500 ETF is exactly what it sounds like. It tracks the S&P 500 , an index of 500 of the largest publicly traded companies in the U.S. This index is often used as a proxy for the broader market since its components account for about 80% of the value of all U.S. stocks, so its movements can tell investors a lot about overall market sentiment.
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These 2 Simple ETFs Could Turn $100 a Month Into $1.4 million