Vanguard S&P 500 ETF (VOO) Averages 14% Annual Return Over 10 Years

AI Summary

The Vanguard S&P 500 ETF (VOO) has an average annual return of 14% over the past decade, with a low expense ratio of 0.03%. Investing $500 monthly at a 10% annual return can grow to $1 million in just over 30 years. This strategy highlights the effectiveness of dollar-cost averaging and long-term investment in building wealth. The broader market's historical long-term return for U.S. stocks is approximately 10% annually, underscoring the potential for steady growth through consistent investing.