$1,000 in SPY Could Turn Into $2 Million
Can you become a millionaire by simply investing in an index fund that tracks the broader market? It depends on many factors, but the short answer is yes.
If you only have $1,000 to invest in total, it isn't likely to make you a millionaire in your lifetime. It just isn't that easy to find any investment that can turn $1,000 into $1 million. There are few stocks on the market that have accomplished that feat, but virtually no one knew which ones would be winners ahead of time.
However, if you can save $1,000 a month, it can turn into $2 million. Here's how it can be done.
Source Fool.com
