Is This Simple Index Fund a Millionaire Maker?
The Vanguard S&P 500 ETF (NYSEMKT: VOO) is one of the market's most popular exchange-traded funds (ETFs). It tracks the S&P 500 (SNPINDEX: ^GSPC) market index with pinpoint precision and minimal fees. If you haven't bought your first stock or fund yet, this Vanguard ETF may be the only investment you'll ever need.
Then again, maybe you can do even better with a different index fund from Vanguard. One popular option is the Vanguard Information Technology ETF (NYSEMKT: VGT) -- another simple index fund focused on stocks in the tech sector. Launched in January 2004, this ETF's market history is six years longer than the Vanguard S&P 500 ETF's, and the returns are pretty impressive.
Can this fund make you a millionaire, and what would it take to reach that investing pinnacle? Let's have a look.
Source Fool.com
