Investing in This ETF Right Now Could Make You a Millionaire Retiree
With the market down substantially from its all-time highs, the benefits of dollar-cost averaging into a low-cost, broad-based stock index fund are becoming quite clear. By making regular investments every payday in this market, each dollar you're investing buys that many more shares while stocks are down. That may not seem like much benefit now, but it means you've got that many more shares available to compound in any recovery that follows.
It's with that backdrop that making regular investments in the SPDR S&P 500 ETF Trust (NYSEMKT: SPY) starting now could make you a millionaire retiree. It's a process that takes time no matter what the market is doing, which is a great reason to consider starting those investments now, even if the market continues to fall.
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Source Fool.com
