1 No-Brainer Index Fund to Buy for 2024 (Hint: It's Not the S&P 500)
It's not quite a Santa Claus rally, but it's starting to feel like one. Since the S&P 500 jumped 9% in November, the benchmark index has tacked on another 3.3% through Dec. 14, soaring after the Federal Reserve indicated it was likely done raising interest rates.
The Fed even forecast three interest rate cuts in 2024 as it gets closer to achieving the "soft landing" it's been aiming for, meaning bringing down inflation without causing a recession.
One of the easiest moves investors can make is to buy a broad index fund, such as the SPDR S&P 500 ETF (NYSEMKT: SPY) or the Vanguard 500 Index Fund (NYSEMKT: VOO). Both offer low-cost ways to get exposure to the 500 large-cap U.S. stocks that make up the S&P 500.
Source Fool.com
