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1 Vanguard Index Fund Could Turn $375 Per Month Into a $569,400 Portfolio That Pays $17,200 in Annual Dividend Income

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The median weekly income for U.S. workers was $1,165 in the third quarter, which is roughly $60,500 per year, according to the Labor Department. That translates into after-tax income of roughly $45,000 per year even in the worst-case scenario.
The article from MSN Money discusses how investing in the Vanguard S&P 500 ETF (VOO) could potentially grow a modest monthly investment into a significant portfolio over time. It suggests that by investing $375 per month into VOO, which tracks the S&P 500, an investor could accumulate a portfolio worth approximately $569,400 over 30 years, assuming an average annual return of 10%. This portfolio would then generate an estimated $17,200 in annual dividend income, based on the current yield of the S&P 500. The piece emphasizes the power of compound interest and the benefits of long-term investment in a diversified, low-cost index fund like VOO, highlighting its historical performance and the simplicity of this investment strategy for building wealth.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/savingandinvesting/1-vanguad-index-fund-could-turn-375-per-month-into-a-569-400-portfolio-that-pays-17-200-in-annual-dividend-income/ar-AA1wpLz2 ]