Is This Vanguard ETF a Millionaire Maker?
From Nasdaq: 2024-11-21 06:21:00
Investors of all levels can benefit from the Vanguard S&P 500 ETF (NYSEMKT: VOO). With low fees and a 1.3% annual yield, it provides broad diversification and matches the S&P 500 index. But for faster growth, consider the Vanguard Information Technology ETF (NYSEMKT: VGT), which has outperformed with a 20.2% average return.
The Vanguard Information Technology ETF isn’t a guaranteed market beater, but it excels when the tech sector thrives. With a focus on semiconductors, software, and hardware, it holds top stocks like Apple, Nvidia, and Microsoft. While past performance isn’t always indicative of future results, this ETF has shown impressive growth.
Before investing in the Vanguard Information Technology ETF, note that it wasn’t among the 10 best stocks identified by the Motley Fool Stock Advisor team. This service has outperformed the S&P 500 since 2002, providing guidance and stock picks. While past picks like Nvidia have seen significant returns, it’s essential to consider all options before investing.
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