1 Top Vanguard Fund That Could Turn $270 a Month Into $1 Million
A good way to build up and create a portfolio worth at least $1 million is by investing a regular amount each month. Rather than needing to save up a big lump sum and then investing, you can steadily add to your position over time. This also avoids the temptation of trying to time the market and worrying about whether it's a good time to invest. By investing in exchange-traded funds (ETFs), you can also minimize your risk over the long term, since you can have a position in not only multiple stocks but dozens and even hundreds of them, all through just a single investment.
Vanguard has many solid ETFs that can be suitable for growth investors, as they charge low fees and offer some great diversification. One particularly attractive Vanguard fund that I'm going to focus on is the Vanguard Growth Index Fund ETF (NYSEMKT: VUG). As its name suggests, it focuses on growth. And below, I'll show you how investing $270 each month into this ETF can potentially put you on track to creating a million-dollar portfolio.
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Source Fool.com
