Is the Vanguard S&P 500 ETF a Millionaire Maker?
Some investors like to analyze and pick individual stocks for their portfolios. They believe they have the skills and the time to do this successfully. But for other investors, buying an exchange-traded fund (ETF) might be a better solution that can provide broad exposure to certain indexes, industries, or themes.
There's perhaps no fund more popular than the Vanguard S&P 500 ETF (NYSEMKT: VOO), which tracks the performance of the broader S&P 500. But is this ETF a millionaire maker? Here's what investors should know.
Investors first need to take the time to understand what this ETF is all about. That starts with getting to know its composition.
Source Fool.com