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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.

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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