This Is My No. 1 Recommended ETF to Buy in July
Given current market dynamics, you might want to invest in this key index from a different angle.
Overview
A great way to invest in the stock market is via the S&P 500 (SNPINDEX: ^GSPC), because it's akin to investing in the broader U.S. economy. They don't mirror each other perfectly, but they have historically grown together over time.
Buying into an S&P 500 exchange-traded fund (ETF) has long been the standard for passive investing, but it's not the only way to buy into the index. You can also invest in an equal-weight S&P 500 ETF like the Invesco S&P 500 Equal Weight ETF (NYSEMKT: RSP). As the name implies, it's an S&P 500 ETF that gives roughly equal weight to every company in the index (with slight differences), rather than weighting companies by market cap like the standard S&P 500.
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Originally published at www.fool.com.
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