Investing in FTSE 250 shares can be an excellent way to make money. This prestigious UK index is packed with mid-cap companies with excellent growth potential, and annual returns here have grown by double-digit percentages on average.
Here are two top stocks and an exchange-traded fund (ETF) I’d buy to target monster wealth if I had spare cash to invest.
The fund
The simplest way to get exposure to the mid-cap index is by investing in an ETF. With an ongoing charge of just 0.12%, the Invesco FTSE 250 UCITS ETF Acc‘s (LSE:S250) one of the cheapest ways to go about this.
As you’d expect, this vehicle closely mimics the performance of the FTSE 250. However, due to issues like fund fees, tracking errors, currency fluctuations, and the timing of dividend reinvestments, it’s delivered a slightly worse return than the broader index.
This is a common risk of investing in ETFs. However, an average annual return of 10.68%…
