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Stocks rise in value over the long term, and investing in the market can be an effective way to grow your savings.
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The Vanguard Growth Index Fund ETF is full of top growth stocks and has outperformed the S&P 500 in recent years.
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Depending on your average annual return, your long-term gains can vary significantly.
Investing a large lump sum today into a diversified exchange-traded fund (ETF) and simply holding on to it can be a great way to grow your portfolio over the long term. Historically, stocks have risen in value, and the S&P 500 has averaged an annual return of around 10% per year.
But can investing $50,000 today into a top fund like the Vanguard Growth Index Fund ETF (NYSEMKT: VUG) be enough to grow your portfolio to $1 million by the time you retire? Let’s take a look at how probable that is.
Where to invest $1,000 right now? Our analyst team just…
