How a Single ETF Could Help You Retire a Millionaire
The S&P 500 (SNPINDEX: ^GSPC), which tracks the 500 largest public U.S. companies by market cap, is one of three major stock market indexes. It's generally viewed as the primary benchmark for the stock market -- so much so that its performance is often used interchangeably with the stock market's performance as a whole.
If you're looking for an investment that can carry a lot of the weight for your portfolio long-term, look no further than an S&P 500 exchange-traded fund (ETF).
Time is arguably the best thing on an investor's side. Where you may lack in money to invest, you can make up for it by leaning on the power of time and compound earnings. Compound earnings occur when the money you make on your investments begins to earn money on itself, and it's one of the (if not the) best wealth creation tools in the stock market. It's great making money on your investments, but it's better when that money is making money, too.
Source Fool.com
