Is the Vanguard Information Technology ETF a Millionaire Maker?
Investing in exchange-traded funds (ETFs) can be a fantastic way to build wealth with less effort than buying individual stocks.
An ETF is a basket of securities grouped together into a single investment. Many funds contain hundreds of stocks, making it easier and more affordable to build a diversified portfolio. But not all ETFs are good investments, so it's critical to choose wisely when deciding where to buy.
It's possible to become a stock market millionaire with the right ETF, but there are some caveats. The Vanguard Information Technology ETF (NYSEMKT: VGT) is a tech-focused fund with a history of earning above-average returns, but could it make you a millionaire? Here's what you need to know.
Source Fool.com
