Are S&P 500 Index Funds a Good Investment Right Now?
Stock market volatility has a lot of investors uncertain about what to do with their money right now. Even corporate giants have seen enormous swings in their share prices, and there's no telling when things will calm down again.
That said, investing is still one of the best ways to grow your wealth over the long term. And if you're worried about betting on the wrong stock, an S&P 500 index fund can be the perfect place for your savings right now.
For those who don't know, an index fund acts like a bundle of stocks you purchase as a package, and it's designed to mimic the performance of a market index. S&P 500 index funds, as the name implies, follow the S&P 500 index, which is composed of 500 of the largest publicly-traded companies in the United States.
Source Fool.com
