Creating a diversified portfolio is crucial for retirement planning, but many individuals feel uncomfortable investing in the stock market. For those who lack investment knowledge, the S&P 500 index provides a simple solution. This index features the 500 largest publicly traded companies, serving as a market benchmark. Investing predominantly in an S&P 500 ETF, like the Vanguard S&P 500 ETF (VOO), can effectively diversify an individual's investments and align with the performance of these major companies.
Investing in the S&P 500 index is a time-tested strategy that could work out well for you.
The S&P 500 index consists of the 500 largest publicly traded companies, and it's often used as a benchmark for how the market is performing overall.
One specific investment, in fact, could be your ticket to a diversified portfolio even if you consider yourself pretty clueless about investing as a whole.
Putting the bulk of your portfolio into an S&P 500 ETF, or exchange-traded fund, is not a bad idea.
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