For new investors, high-quality exchange-traded funds (ETFs) offer an excellent entry point, providing instant diversification compared to individual stocks. Starting with an investment of $1,000 is a good foundation, but consistent monthly investments can lead to significant wealth over time through compounding. The article suggests five simple ETFs suitable for lifelong investing. With patience and a dollar-cost averaging strategy, building a multimillion-dollar portfolio is attainable over 30 years.
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