Are You a New Investor? History Says You Should Buy This Magnificent ETF Hand Over Fist
After rising 34% in value since the start of 2023 (as of April 10), the S&P 500 has been in record territory recently. This has probably caught the attention of some people who are considering putting money to work in the stock market to get on track toward their long-term financial goals.
If you're a new investor, don't be intimidated by what may seem like a complicated endeavor. If you want solid investment returns, history says you should buy this magnificent exchange-traded fund (ETF).
Newbies should look no further than the Vanguard S&P 500 ETF (NYSEMKT: VOO). This ETF provides exposure to the S&P 500, which is a collection of 500 large and profitable enterprises in the U.S. Owning this ETF means investors are essentially betting on the ongoing growth and innovation of the American economy, a historically sound perspective to have.
Source Fool.com
