Could This Unstoppable S&P 500 ETF Make You a Millionaire? Here's What 20 Years of Data Says.
This simple, low-cost S&P 500 ETF could deliver millionaire-making returns in the long run.
Overview
This year has been an exciting time for the stock market. Despite some short-term downturns related to the Iran conflict and ongoing uncertainty about inflation and rising interest rates, investors seem bullish on stocks. The S&P 500 (SNPINDEX: ^GSPC) recently reached all-time highs and is up about 13% year to date.
But how should you invest for the future? Is buying the S&P 500 index a good bet for the long term?
Details
Here's what every investor should keep in mind: In the past 98 years, since 1928, the S&P 500 has delivered average annual returns of about 10%. That average return includes many booms, busts, and economic crises along the way.
Source
Originally published at www.fool.com.