$7,000 Invested in These 3 ETFs in a Roth IRA in 2024 Could Turn Into More Than $120,000 of Tax-Free Retirement Savings
It's a common misconception that to build wealth in the stock market over the long term, you need to invest in a portfolio of individual stocks.
While it's certainly possible to achieve superior returns with individual stocks, it isn't a requirement for building wealth. In fact, you might be surprised at how much growth potential a portfolio of simple ETFs can have, especially if you invest in them through a Roth IRA, which can set you up for a retirement full of tax-free income. Here are three to consider.
Legendary investor Warren Buffett has said, "It is not necessary to do extraordinary things to get extraordinary results." He was referring to investing in low-cost index funds -- specifically those that simply track the S&P 500, which Buffett considers to be an excellent "bet on American business."
Source Fool.com
