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What Are S&P 500 Index Funds and Can They Make You a Millionaire?

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2 years ago

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Do you ever hear news reports that the stock market rallied, or that it tanked due to a piece of worrisome news? Often in these reports, the stock market refers to the S&P 500 index, which represents about 80% of the U.S. stock market.

An S&P 500 index fund is a fund that tracks the performance of the S&P 500 index. These are among the most popular investments on the planet, and for good reason. An S&P 500 index fund can make practically anyone wealthy, given enough time and patience.

Here’s  how S&P 500 index funds work and why they’re

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