Want $1 Million? Invest $500 in This ETF Every Month
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Investing $500 per month in the Vanguard S&P 500 ETF can help accumulate $1 million over time. The ETF is recommended by Warren Buffett and offers instant diversification and low costs. The S&P 500 has a long-term track record of averaging 9.4% annual returns. Assuming a 10% average annual return, investing $500 monthly can result in a portfolio growth of $1,031,422 over time. Starting early is crucial for compound growth. The article suggests that getting started as quickly as possible is the easiest path to financial goals. The Motley Fool's Stock Advisor analyst team does not currently recommend investing in the Vanguard S&P 500 ETF, but they have identified 10 other stocks that they believe could produce significant returns. The Motley Fool has positions in and recommends Berkshire Hathaway and Vanguard S&P 500 ETF.

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https://www.fool.com/investing/2024/02/04/want-1-million-invest-500-in-this-etf-every-month/?source=eptyholnk0000202&utm_source=yahoo-host-full&utm_medium=feed&utm_campaign=article