5 Investments You’ll Want To Own For Life

Did you know that right after receiving his share of the proceeds from Zip2, Elon Musk immediately invested in two businesses? And now that he’s rich, he has countless other investments, most of which have contributed to him becoming one of the world’s richest men. This is all to say that investing is the cornerstone to wealth creation and if you ask me here are 5 investments worth owning for life!

Investment #1: Index Funds

The index fund can be categorized along with ETFs (exchange-traded fund) and mutual funds. An index funds is an investment holding a specific group of securities in an index. The aim is to match the performance of that benchmark closely. You may purchase index funds via an index-fund provider like Vanguard and BlackRock; or your brokerage account. Among the primary advantages of index funds is their track record of consistently beating the other fund types in overall return.

The primary reason for this is because generally, they have management fees that are lower than other funds. The management fees are less due to the fact that they are passively managed rather than stationing a manager actively trading. With a research team continuously making recommendations and analyzing securities, the portfolio of the index fund gets to duplicate that of its designated index.