For new investors, it can be challenging to research and invest in single companies. Luckily, that's where exchange-traded funds (ETFs) come into play. ETFs allow investors to invest in multiple assets with a single investment. Different ETFs are created based on different criteria, like sector, company size, or company mission.
If you're new to investing, you can rarely go wrong with first looking into the S&P 500 , which tracks the 500 largest publicly traded American companies. That's why the Vanguard S&P 500 Index Fund ETF (NYSEMKT: VOO) is my No. 1 recommendation for new investors.
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Why This ETF Is My No. 1 Recommendation for New Investors