The S&P 500 (^GSPC 1.66%) is a wealth-building machine, and it has the potential to turn small monthly contributions into hundreds of thousands of dollars or more with enough time.
While it’s impossible to invest in the index itself, you can invest in an index fund or exchange-traded fund (ETF) that tracks the S&P 500. The Vanguard S&P 500 ETF (VOO 1.63%) is one of the most popular S&P 500 ETFs, aiming to replicate the index’s performance while mirroring its underlying stock portfolio.
There’s not necessarily a wrong way to invest in an S&P 500 ETF, but some strategies are better than others when it comes to maximizing your wealth. Here’s exactly how to make the…
