5 Index ETFs to Buy With $1,000 and Hold Forever

Core Insights - Building long-term wealth requires consistency rather than attempting to time the market [1][14] - Investing in high-quality index ETFs and employing a dollar-cost averaging strategy can lead to substantial wealth over time [2][14] ETF Summaries - Vanguard S&P 500 ETF (VOO): Tracks the S&P 500, providing exposure to around 500 major U.S. companies with a low expense ratio of 0.03% and an average annual return of 13.6% over the past decade [4][5] - Vanguard Growth ETF (VUG): Focuses on large-cap growth companies, with a higher risk profile and an average annual return of 17.5% over the last 10 years, featuring a low expense ratio of 0.04% [6][7] - Invesco QQQ Trust (QQQ): Mimics the Nasdaq-100, heavily weighted towards tech companies, with an average annual return of 18.7% over the past decade and a 0.2% expense ratio [8][9] - Vanguard Information Technology ETF (VGT): Concentrated in tech stocks, with nearly 45% of its holdings in Nvidia, Microsoft, and Apple, achieving over 21% annual returns over the last 10 years [10][11] - Schwab U.S. Dividend Equity ETF (SCHD): Focuses on financially strong companies with a nearly 4% yield and an 11.2% total return over the last decade, featuring a low expense ratio of 0.06% [12][13] Investment Strategy - Consistent investment in high-quality ETFs and regular contributions are essential for building real wealth over time [14]