"The end of a calendar year is a good time to assess your investment strategy and make sure it's working for you. And if you're in the process of building wealth for retirement, there are two things you could probably use to supercharge your portfolio - growth and regular income. Investing in ETFs, or exchange-traded funds, is a great way to build out a diversified portfolio while limiting the amount of work you have to do."
"The Vanguard Total Stock Market ETF (VTI) allows you to invest in the U.S. market on a whole. This means you're getting a mix of large, established businesses, medium-sized businesses, and small-cap companies that may be more risky but offer a lot of potential upside. All told, VTI wins from a diversification standpoint, since it encompasses several thousand stocks across a range of market sectors."
Investing in ETFs offers a low-effort way to build a diversified portfolio that balances growth and income. Vanguard Total Stock Market ETF (VTI) provides exposure to thousands of U.S. companies across large-, mid-, and small-cap sectors, delivering broad-market gains with a very low expense ratio. Vanguard High Dividend Yield ETF (VYM) targets companies with above-average dividends to generate steady income without necessarily increasing risk. Using VTI for long-term growth and VYM for ongoing dividends creates a complementary strategy for retirement wealth building, and earlier investment increases the time for compounding and income generation.
Read at 24/7 Wall St.
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