3 Growth ETFs to Buy With $1,000 and Hold Forever
Forget trying to pick the stock market's next big winners. Just hold a piece of all its best prospects.
Are you looking for investment growth without all the monitoring and activity that growth portfolios usually require? Well, good news! It's possible. You just need to be willing to let someone else handle the stock selection and portfolio-maintenance duties.
I'm talking about exchange-traded funds (or ETFs), of course, which are managed on your behalf by companies that understand the upside of a passive approach to stock picking. Here's a closer look at three different growth ETFs you can buy and hold forever. If you have $1,000 available to invest that isn't needed to pay bills, bolster an emergency fund, or reduce short-term debt, you might want to consider putting it toward shares in one of these ETFs.
There are several obvious first choices in your hunt for a growth-oriented exchange-traded fund, like the Vanguard Growth ETF (NYSEMKT: VUG) or the iShares Russell 1000 Growth ETF (NYSEMKT: IWF).
