Reported 2 days ago
The Vanguard Growth Index Fund ETF (VUG) is highlighted as a top investment option for turning a $50,000 investment into over $1 million over time, relying on a buy-and-hold strategy. The fund boasts minimal fees and strong growth potential, focusing on major U.S. tech stocks that dominate its portfolio. Assuming an average annual growth rate of 10%, the investment could exceed $1 million in less than 32 years, though exact returns are unpredictable. Overall, VUG is positioned as a solid choice for long-term investors seeking substantial returns.
Source: YAHOO