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VGT ETF: Can Tech Make You a Millionaire | Business and Finance News
Description
VGT, the Vanguard Information Technology ETF, has delivered a jaw-dropping 25.2% average annual return over the past decade—turning a $105K investment into a cool million. While past performance doesn’t guarantee future results, tech’s long-term innovation potential still makes it a powerful wealth-building engine, especially with consistent contributions. Yes, tech stocks swing wildly—soaring before 2022, then crashing with rising rates—but the big bets are still on innovation. With a 12% annual return assumption, a $3K start plus $500/month could hit $1M in 25 years. It’s not magic, but a disciplined plan can get you there. Just remember: always vet expert opinions and diversify before you invest.
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