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This Simple ETF Could Turn $500 a Month Into $1 Million

TheMotleyFool

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This Simple ETF Could Turn $500 a Month Into $1 Million: https://g.foolcdn.com/editorial/images/779978/social-media-getty-62317.jpg

The beauty of exchange-traded funds (ETFs) is that they allow investors to cover a lot of ground with a single investment. Although broad ETFs generally don't experience the hypergrowth returns you might achieve with a single outstanding company's stock, some funds have consistently outperformed the market.

If you're looking for an ETF that has shown it has the potential to create millionaires, consider the Vanguard Information Technology ETF (NYSEMKT: VGT). Since its inception 20 years ago, it has averaged over 13% annual total returns. Over the past decade, the performance has been even more impressive, with an annualized total return surpassing 20%.