How does saving and investing with ETFs work?
With an ETF or other index fund, investors buy a share of an entire stock market index, the SMI for example. The aim of an index fund is for it to replicate an index identically. If the index goes up, so does the value of the index fund.
If you wish to regularly put aside money for a long-term financial goal, saving and investing with ETFs is the ideal solution. You decide when and how much you pay in and how your money should be spread across the various asset classes. VZ chooses the best ETFs and other index funds for you.