2024-03-23 03:00:00 ET
Whether you're new to the stock market or simply want a low-maintenance investment that can help you build wealth with next-to-no effort, exchange-traded funds (ETFs) can be a fantastic option. Each ETF contains dozens or hundreds of stocks bundled together into a single investment, which can help you create an instantly diversified portfolio while barely lifting a finger. With the right ETF, you could potentially earn hundreds of thousands of dollars or more over time.
There are countless ETFs to choose from, and the right investment for you will depend on your risk tolerance and investing goals. But I own three Vanguard ETFs and plan to continue buying them for as long as possible.
The Vanguard S&P 500 ETF (NYSEMKT: VOO) tracks the S&P 500 index . It includes stocks from 500 of the largest and strongest companies in the U.S. across a wide variety of industries ranging from tech giants, like Microsoft and Amazon , to century-old brands, like Procter & Gamble and Coca-Cola .
For further details see:
3 Magnificent Vanguard ETFs I'm Buying and Holding Forever