2 Simple ETFs to Buy With $1,000 and Hold for a Lifetime
Exchange-traded funds (ETFs) are fantastic investment vehicles that allow you to own a basket of stocks without picking them individually. ETFs also pool the funds of many investors together, allowing you to easily spread your money across many stocks even if you don't have much money to invest.When choosing an ETF, it's smart to keep it simple. Two standout options are the Vanguard Information Technology ETF (NYSEMKT: VGT), which tracks some of the publicly traded technology companies, and the Vanguard S&P 500 ETF (NYSEMKT: VOO), which follows the S&P 500's (SNPINDEX: ^GSPC) movements. Here's why putting $1,000 toward these ETFs and holding for the long haul could be a wise move.Image source: Getty Images.Continue reading
Exchange-traded funds (ETFs) are fantastic investment vehicles that allow you to own a basket of stocks without picking them individually. ETFs also pool the funds of many investors together, allowing you to easily spread your money across many stocks even if you don't have much money to invest.
When choosing an ETF, it's smart to keep it simple. Two standout options are the Vanguard Information Technology ETF (NYSEMKT: VGT), which tracks some of the publicly traded technology companies, and the Vanguard S&P 500 ETF (NYSEMKT: VOO), which follows the S&P 500's (SNPINDEX: ^GSPC) movements. Here's why putting $1,000 toward these ETFs and holding for the long haul could be a wise move.
Image source: Getty Images.
