Passive investment is the most reliable way to grow your wealth if you do it smart. All you need is a plan, self discipline to stick to it and patience to wait for your investment fruit to ripen. In the following article I’m aiming to help those who do have the dedication to invest in their financial future, but hesitate where to start. Some people might find passive investment strategies boring, but if you do not wish to spend much more time on finances than 5 minutes per month, this might be the best option for you.
One of the easiest forms of investing is via purchasing an ETF (Exchange Traded Fund). This investment form has first been introduced in 1993 and by today it became extremely popular. In 2015 there were over 4,000 different types of ETFs, therefore the choice is endless.
An ETF can suit almost all kind of investment needs from simple index ETFs (e.g. VTI, which represents the total US stock market) through sector ETFs (e.g. VFH, which represents the US financial sector) to some really wide spread investment vehicles (e.g. GIVE, which holds both US and global stocks, just as bonds, all focusing on environmental friendly and sustainable themes).