These 3 ETFs Created More Millionaires Than Any Stock
The boring way to build wealth without trying to find the next Amazon
You could be a millionaire today if you had put only $1,000 into Amazon stock almost three decades ago. That sounds amazing. Now here is the sting: most will never discover the next Amazon.
In fact, many people lose money when they try to identify the next big winner. The good news is, there is a better way and it does not require you to be a stock-picking expert. That alternative is ETFs.
If you buy an ETF, you do not bet on one company. You are buying a basket of companies. You can gain exposure to Amazon as well as Apple, McDonald’s, Coca-Cola, Nvidia, and dozens of others at the same time. You own a group of them.
That said, not all ETFs are created equal. Some have created more millionaires than any single stock has. The following are three of them.
VOO
If you are not aware, VOO is an index fund that tracks the S&P 500, which is a basket of the 500 largest companies in the United States stock market. Yes, all the big names you have heard of are in there.
So when you purchase one share of VOO, you own a part of all 500 companies. You don’t need to purchase them one at a time.
