Christopher McMahon, CEO of Aquinas Wealth Advisors and author of “Faithful Finances”, spoke with Quartz for the latest installment of our “Smart Investing” video series.
Each ETF contains dozens of stocks bundled together into a single fund, making it one of the simplest ways to build a diversified portfolio. Not all ETFs are created equal, but if you're looking to build long-term wealth, these three Vanguard funds could be a fantastic place to start. The Vanguard S&P 500 ETF (NYSEMKT: VOO) tracks the S&P 500 (SNPINDEX: ^GSPC), containing stocks from 500 of the largest companies in the U.S.
Quantum computing has the potential to accelerate how companies and scientists process data, which could lead to more advanced artificial intelligence, better weather predictions, and medical breakthroughs. The long-term potential for quantum computing stocks is significant, and McKinsey estimates the market could reach up to $2 trillion by 2035. Competition is already heating up, with many companies taking a unique approach to developing their quantum computers.
While several chip stocks had convincing performances in 2024, Intel (NASDAQ: INTC) and Advanced Micro Devices (NASDAQ: AMD) were not among them. Intel shares fell about 60% last year, while AMD shares were down about 18%. In a semiconductor market largely being driven by artificial intelligence (AI), Intel and AMD have largely been afterthoughts.
Putting money into growth stocks with a lot of potential upside can deliver life-changing returns. Three stocks that have posted monstrous returns for investors over the past two years are AppLovin (NASDAQ: APP), MicroStrategy (NASDAQ: MSTR), and Carvana (NYSE: CVNA). Investing $11,000 into each of these stocks at the start of 2023 would have generated more than a $1 million profit for you as of the end of last year.