Could Buying This Index Fund Today Make You Rich Over the Next 30 Years?
The optimal strategy for long-term wealth creation should combine growth and defensive equities.
Overview
Investors are currently experiencing one of the longest and most successful stretches in market history.
Following three consecutive years of 16%+ gains in the S&P 500 (SNPINDEX: ^GSPC), the index is on pace to do it again in 2026. Those who have been overweight in tech, growth, and artificial intelligence (AI) stocks have probably done even better.
Details
While investors should certainly enjoy what's happening right now, it's important to maintain a long-term perspective. Recent gains shouldn't make people overly optimistic about going all in on the tech and/or AI themes. These strategies will almost certainly have their ups and downs over the next several years. Long-term strategies should focus on steady and consistent long-term wealth creation.
Source
Originally published at www.fool.com.