The article argues that a simple approach, buying a fund that tracks the S&P 500 such as the Vanguard S&P 500 ETF (VOO), holding it, and adding money regularly, can build substantial wealth. The S&P 500 has averaged roughly 10% a year over the 98 years since 1928, and VOO has averaged 15.3% a year over the past 10 years. At 15.3% annually, $1,000 would grow to $2,038 after five years. Investing $300 a month at 10% a year would reach $95,533 after 10 years, $342,870 after 20 years and $529,469 after 24 years. The author notes that future returns are not guaranteed.
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