Investing $500 Monthly Into This Growth ETF Could Be Your Ticket to $800,000
Time and consistency go a long way in investing.
Overview
One of my favorite (and most recommended) ways to invest is through exchange-traded funds (ETFs) because they can fulfill multiple investment criteria all at once. ETFs may have a lower chance of generating life-changing gains that individual stocks occasionally offer. But they usually involve much less risk, which doesn't mean sacrificing gains.
A great growth ETF to invest in is the Vanguard Morningstar Growth ETF (NYSEMKT: VUG). It's the seventh-largest ETF in the world as measured by assets under management, and its historical returns make it easy to see why investors gravitate toward it. It's not a get-rich-quick investment, but you can invest $500 monthly in VUG and be well on your way to an $800,000 nest egg in roughly 25 years.
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Originally published at www.fool.com.