Investing in an S&P 500 (SNPINDEX: ^GSPC) index fund is a surefire way to build wealth in the stock market over the long term, because it gives investors exposure to a diversified portfolio of 500 companies from 11 different sectors of the economy. However, young investors in their 20s have time on their side, so enduring a little more volatility for the opportunity to earn even higher returns might be a worthwhile trade-off. Buying an exchange-traded fund (ETF) that focuses on growth stocks is one way to do it, and the Vanguard Morningstar Growth ETF (NYSEMKT: VUG) is a great potential candidate. It mimics the Morningstar U.S. Large Cap Growth index, which is exclusively made up of 134 of America's most valuable growth stocks. These stocks are known for delivering high capital gains, separating them from value stocks which usually produce more modest returns supplemented by dividend income.
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