3 ETFs to Help You Build Retirement Wealth
You can't just save money and expect to retire rich without being smart about how you invest it. For those who don't have the time, or inclination, to buy individual stocks, exchange-traded funds can be extremely useful in accumulating retirement savings, with diversified portfolios and low management costs helping to stretch your investing dollars as far as they'll go. The best ETFs combine these attractive features with solid exposure to growing markets. Depending on how you like to invest, any of the three ETFs below -- or a combination of all of them -- can help you build retirement wealth throughout your career.
If you're like many people, maximizing the amount of growth in your portfolio is a key priority. Those who don't have a huge amount to invest have to make their investments work as hard as they can, and although being aggressive comes with added risk, the rewards can be substantial.
ETFs that focus on high-growth sectors of the market are a great way to turbocharge your portfolio's potential returns. For example, the Vanguard Information Technology ETF (NYSEMKT: VGT) owns a variety of technology stocks, and it has produced a return of more than 21% annually over the past five years, topping the S&P 500 by almost 6 percentage points per year. Yet the ETF comes with annual expenses of just 0.10%, which is a fraction of the roughly 0.50% that typical ETFs in the same category would charge.
Source: Fool.com
