The S&P 500 (SNPINDEX: ^GSPC) is an index of 500 companies from 11 different sectors of the U.S. economy. It has produced a compound annual return of 10.7% since its establishment in 1957, even after accounting for every sell-off, correction, and bear market along the way. Therefore, buying an S&P 500 index fund is one of the surest ways investors can build wealth over the long term. But young investors have time on their side, so they can afford to take on a little more risk in pursuit of higher returns.
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