One of the biggest misconceptions about investing is the amount of effort and time required to do it successfully. In some cases, it pays to dedicate a lot of time and energy to selecting the right stocks. However, for most people, this isn’t necessary, and good returns can be accomplished via exchange-traded funds (ETFs).
Investing in ETFs allows investors to achieve instant diversification in many cases, removes much of the guesswork from investing, and reduces the risk associated with investing in individual stocks. No need to listen to earnings calls, read financial statements, or tune into every headline. Simply invest in the ETF and let multiple companies do the work.
There are thousands of ETFs on the stock market, but there’s one ETF in particular that I’d invest $1,000 (or any amount) in without thinking twice: The Vanguard S&P 500 ETF (VOO…
