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April 24, 2021 8:30 AM newsfeedback@fool.com (Katie Brockman)
Posted:
Updated:
April 24, 2021 10:38 AM
Buying long-term investments is key to building wealth over time, and growth ETFs are a smart option for many investors. They contain stocks that have the potential for faster-than-average growth, which means they generally earn higher-than-average returns.
Not all growth ETFs are created equal, though, and some are stronger than others. These three funds are all solid long-term options, and you’re going to want to keep them in your portfolio for decades.
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Invesco QQQ (NASDAQ: QQQ) tracks the
Nasdaq-100 index, which includes 100 of the largest nonfinancial stocks on the Nasdaq itself. This particular stock market index is focused primarily on tech stocks, which are known for their rapid growth.
3 Growth ETFs to Hold for Decades | The Motley Fool
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Author Bio
Robin Hartill is a Florida-based personal finance writer and editor, and a CERTIFIED FINANCIAL PLANNER.™ She is a graduate of the University of Florida.
If a $1,400 stimulus check is headed your way, investing that money in an exchange-traded fund (ETF) could pay off big time. Instead of buying a few different stocks, with an ETF you can invest in hundreds of companies. Vanguard ETFs are a smart pick because the fees are incredibly low.
Of course, not everyone should invest their stimulus money. You should only do so if you have an emergency fund, you re current on bills, and you don t have high-interest debt. Also keep in mind that past performance doesn t guarantee future results. But if you can afford to invest and you want the potential to double your stimulus money, check out these four Vanguard ETFs.