Want $1 Million in Retirement? 3 Simple Index Funds -- and 12 Sector ETFs -- to Buy and Hold for Decades.
If you're saving and investing for retirement and you want to do well -- without having to become a stock market expert and top-notch analyst -- look to simple index funds. These track a particular index, such as the S&P 500, which is made up of 500 of America's biggest companies.The corresponding index fund holds all or mostly all of the same components, in roughly the same proportion. Thus, it aims to deliver roughly the same performance, less its fees. And the best index funds tend to have ultra-low fees. Hooray, right?Here's a look at three simple index funds you might consider for berths in your portfolio. Note that each is an exchange-traded fund (ETF), which trades like a stock. ETFs have grown quite popular and are easy to invest in via any good brokerage. After listing them, I'll offer a host of sector funds for your consideration.Continue reading
If you're saving and investing for retirement and you want to do well -- without having to become a stock market expert and top-notch analyst -- look to simple index funds. These track a particular index, such as the S&P 500, which is made up of 500 of America's biggest companies.
The corresponding index fund holds all or mostly all of the same components, in roughly the same proportion. Thus, it aims to deliver roughly the same performance, less its fees. And the best index funds tend to have ultra-low fees. Hooray, right?
Here's a look at three simple index funds you might consider for berths in your portfolio. Note that each is an exchange-traded fund (ETF), which trades like a stock. ETFs have grown quite popular and are easy to invest in via any good brokerage. After listing them, I'll offer a host of sector funds for your consideration.