Investing $500 per Month in This Dividend ETF Could Set You Up for Life, According to History

Key Points $500 a month may not seem like much, but it's more than enough to help you achieve long-term wealth and financial security. The key is to keep investing regardless of what the market is doing and resist the temptation to time the market. The Vanguard Dividend Appreciation ETF (VIG) targets companies with 10-plus-year track records of annual dividend growth. 10 stocks we like better than Vanguard Dividend Appreciation ETF › If you have the goal of saving $1 million or more for retirement, $500 a month may not sound like it'll do much. On its own, that's 2,000 of those monthly payments, which translates to more than 166 years in order to hit the million-dollar mark. But that's why long-term compounding growth is so important.