From Nasdaq: 2025-06-29 06:45:00

Investing $1,000 in an index fund won’t make you a millionaire, but saving $1,000 monthly can turn into $2 million. The SPDR S&P 500 ETF Trust (SPY) tracks the S&P 500 and has top holdings in companies like Microsoft and Amazon. Warren Buffet recommends index funds for most investors.

Investing in SPY provides exposure to the market and has an expense ratio of 0.09%. Over the past 30 years, the S&P 500 has grown at an annualized rate of about 10.5%, offering attractive returns. Compounding your investment can lead to significant wealth accumulation over time.

While investing $1,000 in SPY won’t make you a millionaire, saving $1,000 monthly for 30 years could result in over $2 million. Diversifying your portfolio with excellent stocks can enhance returns, but owning an index fund like SPY helps to minimize risk and grow with the market.

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Read more at Nasdaq: $1,000 in SPY Could Turn Into $2 Million