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Building Long-Term Wealth: Why I Chose This Vanguard Growth Fund for My Roth IRA

The article from The Globe and Mail discusses an investor's decision to invest in the Vanguard Growth Index Fund (VIGAX) within their Roth IRA for long-term wealth building. The investor highlights several reasons for this choice: VIGAX offers a diversified portfolio of large-cap growth stocks, which historically have provided higher returns over the long term compared to value stocks. The fund includes major tech companies like Microsoft, Apple, and Amazon, which are known for their innovation and growth potential. The investor appreciates the fund's low expense ratio, which minimizes the cost of investment over time, enhancing net returns. Additionally, the fund's focus on growth stocks aligns with the investor's strategy of capital appreciation over dividend income, suitable for the tax advantages of a Roth IRA where qualified dividends and long-term capital gains are tax-free upon withdrawal. The article also touches on the importance of starting investments early to benefit from compound growth, and the investor's confidence in the fund's ability to weather market volatility due to its broad diversification and the inherent growth potential of its holdings.

Read the Full The Globe and Mail Article at [ https://www.theglobeandmail.com/investing/markets/stocks/MSFT/pressreleases/29806406/building-long-term-wealth-why-i-chose-this-vanguard-growth-fund-for-my-roth-ira/ ]