Want to Become a Stock Market Millionaire? History Says This Investment Can Get You There.
It might be easier than you think, especially if you start now.
Overview
Investing in the stock market is all about creating wealth. Today, through the proliferation of online platforms and no-fee trades, as well as increasing accessibility of investment advice, anyone can generate life-changing wealth.
There are many ways to become a millionaire over time, but there's one method that's simple, low-risk, and time-tested. I'm talking about buying an exchange-traded fund (ETF) that tracks the S&P 500.
Details
Let's take a step back and discuss what the S&P 500 is. It's often used as a proxy for the market, but as its name implies, it's an index of 500 stocks. There are various criteria to be included, such as having a minimum market capitalization of $20.5 billion, generating profits in the most recent quarter and over the trailing 12 months, and being based in the U.S.
Source
Originally published at www.fool.com.