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The Vanguard S&P 500 ETF (NYSEMKT: VOO) has generated a total return of 244% over the past decade, with a compound annual growth rate of approximately 13%. This performance is significantly ahead of the market’s long-run average of 10% annually. For investors considering consistent contributions, investing $1,000 per month in this ETF could yield about $245,000 over 10 years.
With an expense ratio of just 0.03%, investors benefit from low costs compared to actively managed funds, which often lag the S&P 500. This strategy enables broad diversification across 500 of the largest U.S. companies and is designed for hassle-free, automated investment.
Investors are encouraged to consider this approach as a potential path to wealth accumulation over the next decade, leveraging dollar-cost averaging to navigate market fluctuations.
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