Can ETFs Alone Make You Retire a Millionaire?
With the recent rise (and subsequent fall) of new investing vehicles -- cryptocurrency and NFTs, to name a few -- it's been easy to forget that exchange-traded funds (ETFs) are all you need to retire as a millionaire. On a base level, ETFs are attractive because of their minimal costs, diversification benefits, and ease of access.
Let's go over the main reasons investing in ETFs is a completely reasonable method of achieving a seven-figure net worth.
One of the major keys to successful investing is keeping your investment expenses as low as possible. Many investment choices, like actively managed mutual funds, come with recurring fees that can eat significantly into your portfolio balance. In the words of the great Jack Bogle, founder of Vanguard, "returns come and go. But fees are forever."
Source Fool.com
