One of the best ways to grow your wealth is to invest in exchange-traded funds (ETFs). These products offer investors exposure to a basket of stocks, at a fraction of the cost it would take to purchase each one individually.
Let’s examine two simple ETFs that can help anyone grow their nest egg.
Many $100 bills fanned out on a light blue background.
Image source: Getty Images.
Vanguard Growth ETF
First up is the Vanguard Growth ETF (NYSEMKT: VUG).
VUG Total Return Level Chart
VUG Total Return Level data by YCharts
Right off the bat, this Vanguard fund offers long-term investors something that will grab their attention: Its 20-year compound annual growth rate (CAGR) is 11.7%. That beats the S&P 500, which logged a 10.4% CAGR over the same period. In dollar terms, a $1,000 investment made in the Vanguard fund in 2004 would be worth almost $10,000 today, while the same investment made in the…
