These are among the most popular investments on the planet, and for good reason.
An S&P 500 index fund can make practically anyone wealthy, given enough time and patience.
What Is an S&P 500 Index Fund?
An S&P 500 index fund is apool of stocksdesigned to track the S&P 500.
With one single investment, youre automatically invested across all 500 companies in the index.
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The goal isnt to beat the market.
But over long periods of time, those returns can produce substantial returns.
Did you know?
The remaining 10% will go to short-term Treasury securities.
What Is the Best S&P 500 Index Fund?
Theres no best S&P 500 index fund.
Theyre made up of the same investments, so they pretty much deliver the same returns.
The main thing you should focus on is low fees.
Look for an expense ratio of 0.1% or less.
Choosing a fund with a low minimum upfront investment is also a good bet.
With ETFs, it’s possible for you to often invest as little as $1 thanks tofractional investing.
Spoiler alert: There are a lot more pros than cons, especially if youre abeginning investor.
She writes the Dear Penny personal finance advice column.
Send your tricky money questions to[email protected].
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