The oldest exchange-traded fund listed in the U.S. has just been surpassed in assets under management by a Vanguard ETF that more cheaply tracks the S&P 500 index.
Vanguard's S&P 500 ETF has overtaken State Street Global Advisors' offering as the world's biggest ETF. The Vanguard 500 ETF (VOO) is the world's largest ETF by assets under management as of February 18, surpassing the SPDR S&P 500 ETF (SPY).
Everyone would love to make a million dollars through investing -- and there are various ways to set yourself off on the right path. One way is to invest in a broad range of quality stocks and hold on to them for the long term.
Warren Buffett, the CEO of Berkshire Hathaway, oversees a $298 billion portfolio of publicly traded stocks and securities, besides numerous wholly owned subsidiaries. Berkshire is also sitting on $325 billion in cash, which Buffett and his team can invest in new opportunities when they arise.
Warren Buffett is one of the most successful investors in U.S. history. Under his control, Berkshire Hathaway shares have returned about 20% annually since 1965.
Stock markets remain resilient despite volatility from trade wars, high yields, and inflation, with VOO only 1% from its all-time high. VOO offers broad exposure to all 11 sectors, reducing technology and individual stock risks, with a lower expense ratio than SPY. Earnings season shows 15% YoY growth, but many companies cut forward estimates, indicating limited potential for huge stock gains.
Do you want to be "in the market" but know you don't want the hassle of picking and monitoring individual stocks? You're not alone.
Here's a little tip that can add hundreds of thousands of dollars to your retirement nest egg: Start saving and investing as early as you can. Check out the table below:
Vanguard has a bit of something for just about every passive investor, whether you're a conservative retiree who's looking to play it safe with fixed-income securities or you still wish to grow your wealth well into your later years.
Things are happening fast in today's world. Artificial intelligence (AI) has become a central driver for the U.S. stock market.
The composition of the S&P 500 changes over time as companies rise and fall in value. Today, technology-focused companies dominate the index.