3 unstoppable ETFs that can turn $ 1,000 into $ 100,000

Whether you’re saving for retirement or just trying to build long-term wealth, investing in the stock market is a smart move. Investing can help you save a lot more than putting your money in a savings account, and getting started is easier than you might think.

You don’t have to be rich to make money in the stock market, and even small amounts can add up over time with the right investments. By investing $ 1,000 in these ETFs, you could increase your savings to $ 100,000 or more over time.

1. iShares Core S&P Mid-Cap ETF (IJH)

The IShares Core S&P Mid-Cap ETF (NYSEMKT: IJH) includes 400 mid-cap stocks from a wide variety of industries. Mid-cap stocks can be smart investments because they often have more growth potential than large-cap stocks, but they are not as volatile or risky as small-cap stocks.

Because this fund includes so many stocks from different industries, it offers great diversification and limits your risk. This ETF is also a great long-term investment, as mid-cap stocks can outperform large and small-cap stocks over time. The longer you hold your investments, the more you can potentially earn.

Since its inception in 2000, this ETF has achieved an average rate of return of around 10% per year. At this rate, if you invested $ 1,000 now and didn’t make any additional contributions, your money would hit $ 100,000 in about 50 years.

Not everyone has 50 years to wait, of course, and your money will grow much faster if you keep investing regularly. For example, if you only invested $ 100 per month on top of your initial investment of $ 1,000, you would have saved over $ 350,000 after just 35 years, assuming you still got an average annual return of 10% .

2. Vanguard Growth ETF (VUG)

The Vanguard Growth ETF (NYSEMKT: VUG) includes 287 stocks of companies with potential for rapid growth. This fund is heavily weighted towards the technology industry, with almost half of the stocks in this sector.

It can be risky to invest so much in stocks from a single sector because your portfolio is not as diversified. However, tech stocks are known for their explosive growth, so you’re also more likely to see above-average returns with this ETF. Additionally, the largest stocks in the fund include heavyweights like Amazon, Apple, Alphabet, and Microsoft.

This fund was created in 2004 and since then has achieved an average rate of return of almost 12% per year. If you were to invest $ 1,000 today without making additional contributions, it would take you about 41 years to accumulate $ 100,000.

However, if you were to invest $ 1,000 today plus an additional $ 100 per month, you would have about $ 571,000 after 35 years.

3. ETF Schwab US Large-Cap Growth (SCHG)

The ETF Schwab US Large Cap Growth (NYSEMKT: SCHG) contains 232 large-cap growth stocks. Of the three ETFs on the list, this fund has the fewest stocks, which means it is not as diversified. That said, large cap stocks tend to be less risky because large companies are generally not as volatile as small companies.

This ETF also does not have as long a performance history as other funds, as it was established in 2009. No matter what the investment, past returns do not predict future earnings. But when an investment hasn’t been around that long, it’s even more likely that its returns from previous years won’t necessarily match its future returns.

Since its creation in 2009, this fund has achieved an average rate of return of around 18% per year. Again, you might not necessarily get such high returns over several decades. But let’s say you’ve invested $ 1,000 right now and have continued to generate average annual returns of 18%. You would have $ 100,000 after about 28 years, assuming you didn’t make any additional contributions.

If you were to keep investing $ 100 per month, you would have about $ 2.5 million after 35 years with all other factors remaining the same.

Investing in the stock market is one of the best things you can do to boost your savings. By choosing the right investments, you can earn more than you think.