4 Best S&P 500 Index Funds For 2024

As 2023 winds down to a close, our attention as investors turns to the coming year. What investment vehicles, in which sectors, are going to serve us best in 2024? While none of us have a crystal ball that will reliably show us the future, we can all use some common sense and careful planning to head into the new year with confidence. In this article I will explore four index exchange-traded funds you may want to consider when researching S&P 500-driven approaches.

S&P 500 Index Funds Explained

You can’t invest directly in the S&P 500 or any other index. So instead, you can access the collection of stocks in an index by buying an exchange-traded fund (ETF). An index fund is simply an investment vehicle that tracks an index. While Index funds are available in both mutual fund and exchange-traded fund form, this article will focus on ETFs. The main difference between mutual funds and ETFs is that mutual funds are traded based on the price set at the end of the day, and ETFs can be bought and sold throughout the day, like stocks can.