This Investment Could Turn $1,000 Into $6,700 Without Picking a Single Stock. Here's the Math. (Keep Adding Money, and It Could Grow to $687,000.)
It sports a solid (and growing) dividend yield of 3.3%, too.
Overview
It's hard not to be impressed by the Vanguard Information Technology ETF, which has averaged annual gains of about 24% over the past decade. If it can match that pace over the next 20 years, $1,000 invested in this exchange-traded fund (ETF) today will be worth nearly $74,000 in 2046!
Image source: Getty Images.
But that's a big if. And if the stock market swoons sometime this year, it could take lots of growth stocks and growth-focused ETFs down with it, sharply. So permit me instead to suggest an ETF that I own myself, and that helps me sleep better at night: the Schwab US Dividend Equity ETF (NYSEMKT: SCHD).
Details
Source
Originally published at www.fool.com.
Related Articles
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.