The Best Vanguard ETF for Your Next $1,000 Investment
Even though U.S. stocks keep hitting new all-time highs, the broader macro picture suggests that a bit of a defensive tilt is warranted.
The Best Vanguard ETF for Your Next $1,000 Investment
Overview
The tech sector and the artificial intelligence (AI) trade continue to push U.S. stock prices to record highs. The S&P 500 is on pace for its fourth consecutive year of double-digit gains. AI-fueled earnings growth has been strong over the past year. What's not to like?
Actually, there are a few things. Inflation is back above 4% thanks to surging oil prices and the war in Iran. Consumer spending fatigue and sentiment have gotten worse. Gross domestic product growth is slowing. There are legitimate reasons to think that there's some real underappreciated market risk looming.
Details
That's why I think the next fund to own now is not the Vanguard S&P 500 ETF (NYSEMKT: VOO) or the Vanguard Information Technology ETF (NYSEMKT: VGT). It's the more defensive, income-focused Vanguard Dividend Appreciation ETF (NYSEMKT: VIG).
Source
Originally published at www.fool.com.
