Not Sure Which Stocks to Buy? This Vanguard ETF Makes It Simple.
Trying to pick winning stocks can be an arduous, time-consuming, and often unsuccessful process. Just buy the broader market instead.
Overview
In my younger years, I used to spend a lot of time trying to pick individual winners in the stock market. At best, my track record really wasn't better than anyone else's. At worst, the bursting of the tech bubble did more damage to my portfolio than I care to remember.
That's a big reason why I've mostly switched over to exchange-traded funds (ETFs) from stocks. Now I prefer buying broad themes. Owning the Vanguard Total Stock Market ETF (NYSEMKT: VTI), for example, allows me to participate in overall U.S. economic growth. I can simply buy this fund and let the long-term power of compounding do its thing. It's easier. It's cheaper. And it's arguably more successful.
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Originally published at www.fool.com.