Posted 1/1/2024, 2:01:00 PM
S&P 500 Index Funds Deliver Long-Term Returns Despite Short-Term Volatility
- The S&P 500 is a diversified index of 500 high-quality US companies that has delivered 10%+ average annual returns over its 60+ year history
- Step 1 Invest in an S&P 500 index fund like SPY, IVV, or VOO to match the index's long-term performance
- Step 2 Hold for at least 10 years - historically there's a 94% chance of making money over a 10-year period
- Time smooths out short-term market volatility - no crisis has lasted forever
- Top performing S&P 500 stocks like Apple, Microsoft, and Amazon account for over 28% of the index's value