Can You Retire a Millionaire With ETFs Alone?
Retiring a millionaire is a lofty goal, but as retirement becomes more and more expensive, you might need $1 million or more to enjoy your senior years comfortably.
It can be difficult, however, to achieve millionaire status if you're a hands-off investor. Investing in individual stocks can help you beat the market and earn higher-than-average returns, making it easier to reach $1 million in savings. But many investors don't want to spend countless hours researching different stocks and managing their portfolios, so this approach isn't right for everyone.
Exchange-traded funds (ETFs) make for an effortless way to invest, as each fund may contain hundreds of different stocks. Can you really retire a millionaire by investing solely in ETFs, though? It depends.
Source Fool.com
