1 Vanguard Index Fund Could Turn $400 per Month Into $1 Million

Group 1 - The misconception that building a $1 million portfolio is difficult can be addressed by starting early and making the right investment choices [1] - A diversified fund focusing on large, well-established companies, such as the Vanguard S&P 500 ETF, is recommended for achieving millionaire status [2] - Investing $400 a month in the Vanguard S&P 500 ETF with an assumed 9% average annual return can lead to over $1.17 million after 35 years [5] Group 2 - Consistency and discipline are crucial for reaching the $1 million goal, with a "set it and forget it" approach being the most effective [6][8] - The Vanguard S&P 500 ETF is not currently listed among the top 10 stock recommendations by The Motley Fool Stock Advisor, which suggests exploring other investment opportunities [7] - Historical examples of significant returns from stocks like Netflix and Nvidia illustrate the potential for wealth creation through strategic investments [9]