Can ETFs Alone Make You Retire a Millionaire?
A million bucks isn't quite the wealth milestone it used to be. Still, a seven-figure stash is nothing to sneeze at. For investors starting from scratch, stock-picking your way to a million-dollar nest egg is an impressive feat. It's also a lot of work though, and requires a whole lot of time dedicated to being a student of the market. Not everyone who's even able to put in the necessary time and effort is necessarily interested in doing so.
The good news is, there's an easier way to become a self-made millionaire than by keeping constant tabs on your portfolio. Exchange-traded funds, or ETFs, can do the job just as well as individual stocks, if not better.
Plenty of people will argue that premise -- and understandably so. Most members of the financial media machine cover the news in such a way that suggests investors should be frequent buyers and sellers of stocks. Telling people they should buy and hold index funds for years on end, conversely, doesn't draw an audience or entice advertisers that ultimately fund the investment media business.
Source Fool.com
