From Nasdaq:

The S&P 500 recently reached a new all-time high, signaling the start of a new bull market. Since the bear market low last October, the index has increased by more than 30%, making it a great time for long-term gains. Investment giant Warren Buffett advises adding the SPDR S&P 500 ETF Trust or the Vanguard S&P 500 ETF to help build wealth, having achieved an annual increase of nearly 20% over 57 years in his own portfolio.

The S&P 500 index is the heaviest weighted in the technology sector, with top companies such as Apple and Amazon included. The fund also contains many sectors and companies to reduce risk, making it a top choice for investors. According to The Motley Fool, investing $75 per month into the SPDR S&P 500 ETF for 20 years with compounding at an assumed 10% rate of return could grow an investment to over $51,500 with only $18,000 invested.

Even a small budget is likely to produce excellent results over time, making this strategy a great option for any investor. The Motley Fool recommends considering other options as well, suggesting it could be beneficial to research before making a decision on stock investment.



Read more: Is Growth Your New Year’s Resolution? This Unstoppable Warren Buffett Index Fund Could Turn $75 a month into $50,000