Investing in the stock market is an excellent way to grow your savings. And over the years, it has become easier to choose from a wider range of investments, including many types of exchange-traded funds (ETFs).
By investing in ETFs, you can have a broad position in many stocks. But with picking individual stocks, one top-performing investment can generate huge returns. Nvidia is perhaps the best example, with its 1,900% gains over the past five years.
Unfortunately, picking the next Nvidia is easier said than done. The market can be risky, and there are many factors to consider. Here, I’ll look at whether you’re better off investing in stocks or ETFs if your goal is to get to $1 million over the long term.
This post originally appeared at The Motley Fool.