Can You Actually Retire a Millionaire With ETFs Alone?
If you don't fancy yourself a stock picker, ETFs offer an accessible investing alternative. But you may wonder about the downside. Does an ETF strategy have the same long-term wealth potential as owning individual stocks?
Rest assured, if you're targeting millionaire status by retirement, you can reach that goal as an ETF investor. Some would argue that an ETF strategy improves your chances of retiring a millionaire over stocks alone. Read on to find out why, and how much you'll need to invest to grow that seven-figure balance.
If you buy a single share of an S&P 500 ETF, you'll gain exposure to 500 large, established companies across a wide range of industries. That type of diversification is friendly to your budget and your long-term returns.
Source Fool.com
