The Smartest S&P 500 ETF to Buy With $500 Right Now

Investors who simply want to track the market generally tend to choose to invest in the S&P 500. Based on how the index is created -- with a broad, diverse representation of the overall economy -- it is a very solid choice.There's just one problem right now. The S&P 500 is trading at lofty levels, with a high concentration in technology stocks. Here's why investors who want to own the S&P 500 index might find it a smart move to buy the Invesco S&P 500 Equal Weight ETF (NYSEMKT: RSP).The S&P 500 is a list of roughly 500 U.S. stocks that have been hand-selected by a committee. The actual goal isn't for the stocks to be representative of the market; the intent is for the stocks, as a group, to represent the broader U.S. economy. The companies that get chosen are usually large and economically important, as you might expect.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool