This year, at the age of 18, I will be starting college. In order to start earning compound interest, I have currently deposited $500 into a Roth account that is primarily invested in VOO and a few other ETFs. I am just looking for the safest choices to invest $500 in a standard brokerage account and grow my money over the next ten to fifteen years. Would be seeking to utilize the funds later on to help pay off student loans or assist with a down payment on a home.
6 Likes
Growth in particular? Most likely QTEC or FTEC
5 Likes
AVG. globally diverse and oriented toward elements that have traditionally outperformed. More varied than any of the three or more fund ports that are listed on this page.
4 Likes
Stick with VOO. I have had success with SMH, a semiconductor ETF, but many of the same stocks are in VOO. Do I mind? Not at all, I am making money.
3 Likes
VOO is a solid choice.
1 Like
Why does everyone keep recommending VOO? What makes it so much better than the S&P 500?
1 Like
VOO is Vanguard’s ETF that tracks the S&P 500, which is why it comes highly recommended. It’s one of the best investment options available and boasts an incredibly low expense ratio of just 0.03%. For long-term buy-and-hold investors, you really can’t beat it.