This "Hands-Off" ETF Could Be Your Ticket to Becoming a Millionaire
It's a simple, hands-off way to invest for the long haul.
Overview
Becoming a millionaire may sound like an ambitious goal. But you don't necessarily need to find the next hot company to get there. For many investors, consistently investing in a low-cost S&P 500 (SNPINDEX: ^GSPC) fund over decades can be a surprisingly effective wealth-building strategy.
One popular option is the Vanguard S&P 500 ETF (NYSEMKT: VOO), which offers broad exposure to the U.S. stock market while charging an expense ratio of just 0.03%.
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Details
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.