8 Best Vanguard Funds to Invest In for Retirees

2. Vanguard 500 Index Fund Admiral Shares (NASDAQ:VFIAX)

5-Year Share Price Performance as of February 18: 82.97%

For buy-and-hold investors who are comfortable with greater risk levels, the Vanguard 500 Index Fund Admiral Shares (NASDAQ:VFIAX) is a well-known option. This mutual fund closely tracks the S&P 500 index, offering extensive diversification across all 11 stock market categories. It is also extremely cost-effective, with a 0.04% expense ratio and a portfolio turnover rate of only 2.2%.

Amazon.com Inc. (NASDAQ:AMZN), one of the ‘Magnificent 7’, is a top holding in Vanguard 500 Index Fund Admiral Shares (NASDAQ:VFIAX). The company offers consumer goods, advertising, and subscription services both online and in physical stores in North America and across the world. The tech giant is also involved in cloud computing, primarily through its Amazon Web Services (AWS) segment.

On February 10, New Street Research upgraded Amazon.com Inc. (NASDAQ:AMZN) shares, with analyst Dan Salmon raising the price target to $280 from $234 and keeping a Buy rating. Salmon sees AWS as a big driver of Amazon’s future financial growth, with catalysts including increasing AWS collaborations, particularly in artificial intelligence with Trainium 2.