Could Investing $50,000 in the S&P 500 Today Put You on Track to Have a $1 Million Portfolio by the Time You Retire?
If you're an investor who just wants to put money into the stock market today and forget about it, the S&P 500 index can help you generate some terrific returns. The broad index tracks the leading stocks on U.S. exchanges and can give you broad, comprehensive exposure to the overall market without investing in small or risky companies.You have probably heard that investing in the market and perhaps the index has historically been a good move. But how good could its future gains be, and could investing $50,000 into an exchange-traded fund (ETF) that tracks the S&P 500 create a portfolio worth at least $1 million by the time you retire? Let's take a look.Image source: Getty Images.Continue reading
If you're an investor who just wants to put money into the stock market today and forget about it, the S&P 500 index can help you generate some terrific returns. The broad index tracks the leading stocks on U.S. exchanges and can give you broad, comprehensive exposure to the overall market without investing in small or risky companies.
You have probably heard that investing in the market and perhaps the index has historically been a good move. But how good could its future gains be, and could investing $50,000 into an exchange-traded fund (ETF) that tracks the S&P 500 create a portfolio worth at least $1 million by the time you retire? Let's take a look.
Image source: Getty Images.
