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What is an S&P 500 tracking fund?
Updated: Jun 27, 2022
An S&P 500 tracking fund is a way to invest in the American stock market, without having to choose just one business or one industry. An S&P 500 tracking fund allows you to become an investor of 500 companies all at the same time! This means that your investment will be ‘diversified,’ which means your money's investment will have a fair amount of variation. You'll be investing in different industries, with different managers, and more. We all know that diversity is a good thing, and it turns out that when it comes to putting your money to work, diversity in investing is a great idea.
When our MGB Investing Starter Kit launches, the main investment will be an S&P 500 tracking fund, so if you want to begin to prepare for that, you can start researching that now!