VGT is the foundation of my wealth-building list: I moved money here because its diversification sits between the Nasdaq 100 and the S&P 500, it holds over 300 US tech companies, fees are lower than SPY or QQQ, and it has risen 35% year-to-date versus 23% for QQQ and 14% for SPY, so I save while outperforming both.
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That's why I transferred my money to a fund that gives me the best of both options. Vanguard IT Fund , code VGT. VGT contains more than 300 US technology companies, and falls directly between the Nasdaq 100 and the S&P 500 in terms of diversification.
He is also not afraid to let his winning stocks continue to grow. Furthermore , over 80% of the fund focuses on hardware, semiconductors, system software, and applications, excluding companies such as Walmart, Pepsi, and SpaceX, which are currently classified as telecommunications services companies.
Its fees are also lower than those of SPY or QQQ. So, I save money while outperforming both indicators.
VGT has risen 35% since the beginning of the year, compared to 23% for the QQQ index and 14% for SPY. That's why VGT is the foundation of my list of stocks that aim to get rich without relying on luck.