For 20 years, we've watched game show contestants struggle to get through all 14 questions onthe TV show Who Wants to Be a Millionaire. In that time, only 12 players emerged victorious. You could try your hand at Millionaire for quick results, but investing in exchange-traded funds (ETFs) is a more reliable method of raising your net worth.
One forward-looking ETF to consider for your retirement portfolio is the iShares ESG Aware MSCI USA ETF (NASDAQ:ESGU).
Both ETFs and mutual funds give you quick access to a diversified portfolio. Choose a broad market fund and one share spreads your risk across hundreds of different stocks. That diversification will mean less volatility compared to owning a handful of individual companies.
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ETFs do have extra advantages over mutual funds, however. To start, you can buy a single share of an ETF, while some mutual funds have minimum investment thresholds that can be several thousand dollars.