index fund

I invested it in a Standard & Poor’s 500 index fund that has performed well and is now worth $1.3 million.

Thanedar has largely self-funded his campaigns; last year, he in turn invested money from his campaign into cryptocurrency index funds, reaping millions of dollars in profit, according to The Detroit News.

So instead of stock picking or betting on individual winners, passive investors buy and hold a broad, diversified mix of assets, such as index funds or exchange-traded funds.

Most actively managed stock funds kept up their record last year of trailing index funds by a wide margin.

And there are other investment options aside from the S&P 500, of course, like socially responsible index funds and ESG funds, composed of companies that consider environmental, social, and governance issues.