1 ETF That Could Turn $500 per Month Into $1 Million

Hitting the million-dollar mark may be far-fetched by strictly saving money, but it's doable when you invest and rely on compound earnings to make it happen. It's the gift that keeps giving in investing.It doesn't take hitting big on the "next big thing," either. A simple exchange-traded fund (ETF) like the Vanguard Growth ETF (NYSEMKT: VUG) has proven it can get the job done.Since it began trading in January 2004 and over the past decade, VUG has averaged 11% and 17% annual returns, respectively. For the sake of illustration, let's meet in the middle and assume it averages 14% annual returns long-term. Investing $500 per month could get you over the million-dollar mark in close to 25 years.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool