Is the Vanguard S&P 500 ETF a Millionaire Maker?
Investing can be as complex or simple as you want it to be. Fortunately, keeping it simple can be a dependable route to making a ton of money in the stock market. Exchange-traded funds (ETFs) are like pushing the investing "easy button." These funds hold large portfolios of individual stocks, but trade under a single ticker symbol, allowing investors to easily gain exposure to dozens or hundreds of stocks.
Which ETF is the best? That's a tough question, but the Vanguard S&P 500 ETF (NYSEMKT: VOO) has a rock-solid argument for being at the top of the list. This single ticker can help you build life-changing wealth if you give it enough time.
The U.S. stock market comprises thousands of publicly traded companies. Yet when people talk about "the market" on TV or online, they're usually referring to the S&P 500. It's an index of 500 of America's largest and most prominent publicly traded companies. Though there are thousands of public companies that are not part of the index, these 500 giants together account for around 80% of the total value of the total U.S. equity market.
Source Fool.com
