Is Vanguard Total Stock Market ETF a Millionaire Maker?

There's no right way to invest, with various approaches (like value, growth, and growth plus income) all offering the potential for investors to build a million-dollar nest egg. The bigger question is whether the investment approach you choose is one you can stick with long enough to reach seven-figure status.

That's where a deep dive into Vanguard Total Stock Market ETF (NYSEMKT: VTI) comes into greater focus.

As Vanguard Total Stock Market ETF's name implies, the basic goal of the fund is to provide the broadest possible exposure to the U.S. stock market. It is a one-stop option for the stock portion of a portfolio for investors who don't want to go through the effort of trying to pick individual winners and losers and for those who don't want to hew to a specific investment style. It works particularly well for asset allocation, pairing nicely with Vanguard Total Bond Market ETF (NASDAQ: BND), which is the same basic idea, but for U.S. bonds.