Could This Unstoppable Vanguard ETF Make You a Millionaire? Here's What History Says.
Your best chance of success comes only with a steady, disciplined investment plan.
Overview
Within the Vanguard exchange-traded fund (ETF) lineup, one fund has delivered the best performance across the past three-, five-, and 10-year timeframes -- the Vanguard Information Technology ETF (NYSEMKT: VGT).
There's no question about what's been driving it. Momentum for tech stocks had been strong in the late 2010s, but they got another boost coming out of COVID, due to huge amounts of liquidity in the economy and ultra-low interest rates. Over the past few years, the artificial intelligence (AI) revolution has driven huge growth in revenues and earnings.
Details
That's helped deliver an average annual return of 25.2% for shareholders of the Vanguard Information Technology ETF over the past decade. At that rate of return, an initial investment of roughly $105,000 in this ETF 10 years ago would have gotten you to $1 million today.
Source
Originally published at www.fool.com.