Index funds are generally seen as boring alternatives to individual stocks, but investors should take care not to conflate boring investments with bad investments. A diversified index fund that tracks the right benchmark can simultaneously eliminate concentration risk and create substantial wealth for patient investors.

Building on that idea, the Vanguard Total Stock Market ETF (NYSEMKT: VTI) and Vanguard Mega Cap Growth ETF (NYSEMKT: MGK) are proven moneymakers, and with the S 500 (SNPINDEX: ^GSPC) on the brink of a new bull market, now is a particularly good time to buy both index funds.

Here are the important details.

Continue reading

Source Fool.com