If you have an extra $50 lying around, you may want to consider investing it in an S&P 500 ETF. Over the course of 20 years, this investment could potentially grow significantly.
An S&P 500 ETF is a type of investment fund that tracks the performance of the S&P 500 index, which includes 500 of the largest publicly traded companies in the United States. By investing in an ETF that mirrors the S&P 500, you can benefit from the overall growth of the stock market.
Historically, the S&P 500 has provided an average annual return of around 7% after adjusting for inflation. This means that if you were to invest $50 in an S&P 500 ETF and leave it untouched for 20 years, you could potentially see your investment grow to around $195.
Of course, investing in the stock market comes with risks, and there is no guarantee that your investment will grow as projected. However, by investing in a diversified index fund like an S&P 500 ETF, you can spread out your risk and potentially see solid returns over the long term.
So, if you have an extra $50 to spare, consider investing it in an S&P 500 ETF and letting it grow over the next 20 years. Who knows, you could end up with a nice little nest egg for the future.