The 1 ETF I'd Buy if I Could Only Own One
In the end, simplicity, diversification, and low fees win out for this ideal portfolio centerpiece.
Overview
If I could only own one ETF right now, I'd buy the Vanguard Total Stock Market ETF (NYSEMKT: VTI). By owning roughly 3,500 U.S. stocks, it's one of the most diverse ETFs you'll find. It's the ideal foundation for building the rest of your portfolio. And with an expense ratio of just 0.03%, it costs almost nothing to own it.
The biggest selling point for this fund, in my opinion, is that it targets the entire investable U.S. stock market. A lot of people will use something like the Vanguard S&P 500 ETF (NYSEMKT: VOO) for this purpose. I don't blame them, and it's a perfectly reasonable choice for a portfolio centerpiece.
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Originally published at www.fool.com.