1 High-Powered ETF That Can Turn $340 a Month Into $1 Million
If you want to get your portfolio to $1 million by the time you retire but you don't have a big lump sum of money to invest in today, you can start by investing every month. And if you can maintain that habit over the long term, your gains can be significant, potentially putting you on track to end up with a portfolio worth at least $1 million.I'll show you how investing $340 per month could eventually result in a portfolio balance of $1 million, and that's even if you factor in a slowdown in the markets in the years ahead. If the market performs better, your balance may end up significantly higher.When you're investing for the long term, it's important to have a go-to investment to put money into on a regular basis. This way, you average out your cost; you aren't worried about timing the market and trying to find the precise and best time to buy shares of a business. By continually adding to your position, you'll spread your average cost over not only months, but years as well.Continue reading
If you want to get your portfolio to $1 million by the time you retire but you don't have a big lump sum of money to invest in today, you can start by investing every month. And if you can maintain that habit over the long term, your gains can be significant, potentially putting you on track to end up with a portfolio worth at least $1 million.
I'll show you how investing $340 per month could eventually result in a portfolio balance of $1 million, and that's even if you factor in a slowdown in the markets in the years ahead. If the market performs better, your balance may end up significantly higher.
When you're investing for the long term, it's important to have a go-to investment to put money into on a regular basis. This way, you average out your cost; you aren't worried about timing the market and trying to find the precise and best time to buy shares of a business. By continually adding to your position, you'll spread your average cost over not only months, but years as well.
