A $100 Monthly Investment in VGT Could Grow Into This Over 20 Years
This high-performing investment vehicle turned relatively small capital inflows into a huge sum.
Overview
There are a lot of exchange-traded funds (ETFs) offered by numerous firms out there. Vanguard is one of the largest asset managers. And its Vanguard Information Technology ETF (NYSEMKT: VGT), which currently has $170 billion in total assets, is a popular choice among investors who are seeking exposure to this high-profile sector.
At first, you might think that it's a requirement to put up a significant amount of capital initially in order to generate meaningful wealth. This isn't the case, however. A steady approach can result in a winning outcome.
Details
If history is any indication of what's to come, investors who allocate just $100 per month into this ETF over a 20-year time period will see that relatively small sum grow into a sizable figure. The power of compounding is a wonderful thing.
Source
Originally published at www.fool.com.