"You're probably aware of how important it is to save well for retirement. But setting money aside for your later years is just part of the equation. You also need to invest your money in a manner that leads to steady growth over time. Now you'll often hear that it's important to maintain a diverse portfolio of assets when you're trying to build a retirement nest egg. And that's definitely good advice."
"The nice thing about ETFs is that they allow you to own a bunch of different assets with a single investment. That gives you the diversification you need without all of the legwork. Meanwhile, the Vanguard S&P 500 ETF (VOO) and the Invesco QQQ Trust (QQQ) are two very different ETFs. But when combined, they could be a winning formula for building retirement wealth. The Vanguard S&P 500 ETF (VOO) is often hailed as a great asset for everyday investors."
ETFs allow investors to own many assets through a single investment, providing diversification without tracking dozens of individual stocks. The Vanguard S&P 500 ETF (VOO) tracks the S&P 500 index of the 500 largest publicly traded companies by market capitalization, offering broad-market exposure, hundreds of established businesses, and a very low expense ratio. The Invesco QQQ Trust (QQQ) tracks the Nasdaq-100, focusing on 100 large nonfinancial companies and growth-oriented sectors such as technology, also with a low expense ratio. Combining VOO and QQQ mixes broad-market stability with concentrated growth exposure, potentially enhancing retirement portfolio returns.
Read at 24/7 Wall St.
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