But investing for long-term growth is much different than day trading, and the investments you select need to reflect your extended timeline. For example, your investment choices should be different if you’re investing with a 20-year or 30-year timeline than if you need the cash next year.
With that in mind, we reached out to several financial advisors to find out about their favorite long-term investments that help build wealth over time. Whether you’re dollar-cost averaging or throwing in lump sums of money whenever you can, here are six investment options that can help you build wealth that lasts.
To help diversify as much as possible, Rathbun suggests investing in index funds that provide exposure to a broad market, such as the S&P 500. “Indexing is also a low-cost option for fee-sensitive investors,” she says, which is important since long-term investors don’t want to be eaten alive by fees.
