Investing in the stock market is all about creating wealth.
Today, through the proliferation of online platforms and no-fee trades, as well as increasing accessibility of investment advice, anyone can generate life-changing wealth
There are many ways to become a millionaire over time, but there’s one method that’s simple, low-risk, and time-tested. I’m talking about buying an exchange-traded fund (ETF) that tracks the S&P 500. Becoming an S&P 500 millionaire Let’s take a step back and discuss what the S&P 500 is.
It’s often used as a proxy for the market, but as its name implies, it’s an index of 500 stocks. There are various criteria to be included, such as having a minimum market capitalization of $20.5 billion, generating profits in the most recent quarter and over the trailing 12 months, and being based in the U.S. The index is run by S&P Global, and it’s rebalanced quarterly.