Got $500? 1 Billionaire-Approved Vanguard Index Fund to Buy and Hold Forever

Stocks and Investing
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Got $500? 1 Billionaire-Approved Vanguard Index Fund to Buy and Hold Forever

^{Published on 2025-05-14 10:41:15 - AOL}

If you have $500 in investable income, that's all it takes to get started for an investment in the Vanguard S&P 500 ETF (NYSEMKT: VOO). Let's dig into why this index fund makes the perfect vehicle for beginner investors and explore what strategies you can use to build a seven-figure portfolio just by investing in the S&P 500 index.

The article from AOL Finance discusses billionaire Mark Cuban's investment strategy, emphasizing his advice for investing $500. Cuban recommends putting the money into a low-cost index fund, such as an S&P 500 fund, and letting it grow over time. He stresses the importance of starting early and being patient, as the power of compounding can significantly increase wealth over the long term. Cuban also warns against get-rich-quick schemes and high-fee investments, advocating for a simple, disciplined approach to building wealth.

Read the Full AOL Article at:
[ https://www.aol.com/finance/got-500-1-billionaire-approved-094500147.html ]

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Got $500? 1 Billionaire-Approved Vanguard Index Fund to Buy and Hold Forever