1 Vanguard Index Fund Heavy on Magnificent Seven Stocks Could Turn $500 per Month Into $500,000
The S&P 500 has advanced 23% year to date amid soaring interest in artificial intelligence (AI) stocks. Nvidia alone has been responsible for one-quarter of that upside, and the "Magnificent Seven" stocks have collectively accounted for half of the gains in the index. The members of that elite group (and their year-to-date returns) are listed alphabetically below.
Investors can get heavy exposure to the Magnificent Seven stocks through the Vanguard Mega Cap Growth ETF (NYSEMKT: MGK). But the fund provides additionally diversity, which has allowed it to outperform five members of the Magnificent Seven (and the S&P 500) in 2024 with a year-to-date return of 27%.
History says the Vanguard Mega Cap Growth ETF could turn an investment of $500 per month into $500,000 over two decades. Here's what investors should know.
Source Fool.com
