Americans have become increasingly interested in exchange-traded funds, which let investors diversify their investments over various sectors and companies instead of picking individual stocks to buy. For example, investors can choose energy-specific ETFs, artificial intelligence ETFs, and others that track stock market indices.
Last year, U.S. investors funneled more than $1 trillion into ETFs, beating record inflows set in 2021. But with so many options available, which one is the best option? I’m partial to the Vanguard S&P 500 ETF (NYSEMKT: VOO), a passively managed fund that aims to track the performance of the S&P 500. Here’s why it’s a great place to put $1,000 right now.
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