3 Growth ETFs to Buy With $500 and Hold
It doesn't take deep pockets to build a diversified growth portfolio.
Growth stocks can offer investors an exciting ride, but that ride can be wild (and scary) at times. Younger, faster-growing companies tend to produce higher investment returns but are often riskier. They don't always work out, and even the ones that do see some large price swings along the way.
To help level out this volatility, smart investors turn to diversification, spreading their money across many growth stocks to keep one lousy pick from sinking the entire portfolio. That can be challenging if the investor is working on a budget. Exchange-traded funds (ETFs) offer a way to overcome that challenge because they represent groups of individual stocks that trade under a single ticker symbol. Even a small amount invested (say $500) in an ETF gives the buyer access to growth stocks but also some level of hedge against volatility.
Here are three fantastic growth funds that offer solid upside and enough diversification to minimize risk. Best of all, investors can own all three for under $500.
