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Investing in This ETF Right Now Could Make You a Millionaire Retiree

Investing in This ETF Right Now Could Make You a Millionaire Retiree
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Investing in This ETF Right Now Could Make You a Millionaire Retiree

Investing in This ETF Right Now Could Make You a Millionaire Retiree Ryan Downie © Provided by The Motley Fool Investing in This ETF Right Now Could Make You a Millionaire Retiree Many investors will need to become millionaires in retirement if they hope to maintain their current lifestyles, but that can be a very difficult task. It requires a lifetime of diligent saving along with investment growth. To achieve that growth, some investors resort to trying to time short-term market fluctuations, or they try to hitch their success to a small group of companies that they expect to deliver tremendous gains. Going for extra upside, they end up reducing their investment diversity and increase their risk of losing big.

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Investing in This ETF Right Now Could Make You a Millionaire Retiree

KXLY December 27, 2020 4:45 AM newsfeedback@fool.com (Dave Kovaleski) Posted: Updated: December 29, 2020 6:13 AM It may sound farfetched that a single investment could generate enough money to make you a millionaire in retirement, but it is possible with the right investment and a long-term approach to investing. The earlier you begin investing for retirement, the more time your investment has to work for you. A great option to start building long-term wealth is an exchange-traded fund, or ETF, which allows you to invest in an entire index, providing diversification, transparency, and performance in a single low-cost investment. There are ETFs that invest in all of the major indexes, the various sectors, as well as segments or slices of the indexes.

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