Prediction: This ETF Could Make You a Millionaire With Just $750 per Month
Investors should use time and compound earnings to their advantage.
Overview
Hitting the million-dollar mark has long been a sign of financial achievement, even though today's $1 million doesn't stretch as far as it did in the past.
Reaching the mark only by saving is a tough ask; it would take 25 years if you save $40,000 annually and 40 years if you save $25,000 annually. However, if you invest your money, you can reach the seven-figure mark with much less personal contribution.
Details
Based on its historical performance, the Vanguard Morningstar Growth ETF (NYSEMKT: VUG) could get you there with as little as $750 invested monthly. Let's take a look at how.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.