Here's What History Says a $1,000 Investment in the Vanguard S&P 500 ETF Could Be Worth in 30 Years
Long-term buy-and-hold investing can turn small investments into substantial amounts of money.
Overview
It doesn't take a lot of money in order to start building wealth in the stock market.
If you invest just $1,000 in the Vanguard S&P 500 ETF (NYSEMKT: VOO) today, it may not seem like it'll amount to much, even after several years. In reality, there's a clear path to tens of thousands of dollars if you leave it invested long enough and let it grow over time.
Details
Since its inception in September 2010, the Vanguard S&P 500 ETF has returned around 15% per year. If you had invested $1,000 when the fund launched and held it for the past 16 years, your investment would be worth roughly $9,400.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.