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S&P, Nasdaq Trade at Record Highs

Everything You Need to Know About Getting Rich From Exchange Traded Funds

Yes, exchange traded funds can make you rich. You probably have exposure to these funds in your 401(k), but if you're looking to access this money before your retire, you may want to invest in exchange traded funds outside of a 401(k) in a brokerage account. The most common exchange traded funds simply track the major stock indices, such as the S&P 500 or the Dow Jones Industrial Average. You can even put a small amount of money per month in each fund. The fees for exchange traded funds are cheap. Look for ones with an expense ratio of 0.1% or less. Expense ratio is just a fancy term for fees. More From Scott Gamm and TheStreet: You Can Become a Millionaire Even if You Make $35,000 a Year Stop Worrying About Who the Next Federal Reserve Chair Will Be Amazon, Not Apple, to Become First Trillion Dollar Company: NYU's Galloway This Is Why Housing Is the 'Rock Star' of the Economy
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