Is Investing $50,000 Into This Top Vanguard Fund a Surefire Way to Get to $1 Million by Retirement?
Investing a large lump sum today into a diversified exchange-traded fund (ETF) and simply holding on to it can be a great way to grow your portfolio over the long term. Historically, stocks have risen in value, and the S&P 500 has averaged an annual return of around 10% per year.But can investing $50,000 today into a top fund like the Vanguard Growth Index Fund ETF (NYSEMKT: VUG) be enough to grow your portfolio to $1 million by the time you retire? Let's take a look at how probable that is.ETFs can provide you with lots of diversification, and while there are many types you can hold, I'm going to focus on one in particular, which may be ideal for long-term investors: the Vanguard Growth Index Fund ETF.Continue reading
Investing a large lump sum today into a diversified exchange-traded fund (ETF) and simply holding on to it can be a great way to grow your portfolio over the long term. Historically, stocks have risen in value, and the S&P 500 has averaged an annual return of around 10% per year.
But can investing $50,000 today into a top fund like the Vanguard Growth Index Fund ETF (NYSEMKT: VUG) be enough to grow your portfolio to $1 million by the time you retire? Let's take a look at how probable that is.
ETFs can provide you with lots of diversification, and while there are many types you can hold, I'm going to focus on one in particular, which may be ideal for long-term investors: the Vanguard Growth Index Fund ETF.
