1 Top Vanguard Fund That Can Turn $350 Per Month Into $1 Million
Yahoo Finance ·
Vanguard funds are popular options for investors due to their low fees and solid diversification. They can be great investments to hold for the long term and to routinely add money into on a regular basis. One exchange-traded fund (ETF) that stands out for its long-term growth potential is the Vanguard Growth ETF ( VUG 0.24% ) . As its name suggests, its focus is on growth stocks . Here's how investing $350 per month into the fund could set you on a path to one day having a portfolio worth over $1 million. Investing in funds that track the S&P 500 , which is a broad mix of the top 500 stocks on U.S. markets, can often be the default option for investors, but it may not necessarily be the best one. Focusing on growth can often yield better returns, and the Vanguard Growth ETF is proof of that, with its gains over the past decade being far higher than those of the broader index. During the past 10 years, the Vanguard fund has averaged a compounded annual growth rate of 18% versus less than 16% for the S&P 500. It's worth noting, however, that these gains are a bit stronger than usual due to the excitement around tech and artificial intelligence stocks of late. The S&P 500 historically averages a much more modest growth rate of 10% per year. But by focusing on high-powered growth stocks, you can put yourself in a great position to outperform the market, which can be key to growing your portfolio significantly in the long run.
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