Gen-Z followers of the FIRE philosophy prioritize retirement portfolio growth through various investments, particularly Exchange Traded Funds (ETFs). Those with pensions or employer-sponsored programs often seek DIY growth accounts using ETFs to enhance their portfolios. The popularity of ETFs, particularly the Vanguard S&P 500 ETF (NYSE: VOO), is driven by their diversification, low costs, and strong performance. Many Gen-Z investors look for complementary growth ETFs to diversify further, especially if a significant portion of their investments are already in guaranteed return programs.
The intrinsic diversification, low cost, and index based gains of ETFs have helped millions of individual investors build wealth to achieve their FIRE goals.
The Vanguard S&P 500 ETF (NYSE: VOO) is the largest and most widely held ETF in the industry.
A Gen-Z investor who already owns VOO on Reddit to solicit suggestions for a complementary long-term growth ETF.
With this in mind, the following are some ETFs with different approaches for the sake of diversity that he or those in a similar situation may wish to consider.
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