Got $500? 1 Billionaire-Approved Vanguard Index Fund to Buy and Hold Forever
Investing in index funds can be an incredibly lucrative way to build wealth.
When it comes to investing, a common misconception is that you need to be an expert stock picker in order to build wealth. While investing in individual stocks is one way to build your portfolio, it's far from the only method that works.
In fact, billionaire investor Warren Buffett has often touted that investing in the S&P 500 is a suitable strategy for investors who do not have time to do their own research or are not interested in analyzing specific companies.
If you have $500 in investable income, that's all it takes to get started for an investment in the Vanguard S&P 500 ETF (NYSEMKT: VOO). Let's dig into why this index fund makes the perfect vehicle for beginner investors and explore what strategies you can use to build a seven-figure portfolio just by investing in the S&P 500 index.
