Just like the S&P 500, Vanguard High Dividend Yield ETF holds around 500 stocks. While all of them pay dividends, the index it tracks actually pushes fairly low down into the yield range of all dividend-paying stocks. It has no choice, given the sheer number of dividend-paying stocks.

Building long-term wealth isn't necessarily easy, but investing in the stock market is one of the simplest ways to do it. While there's not necessarily a right or wrong place to invest, this Vanguard ETF could potentially double your money over time with next to no effort on your part.

Artificial intelligence (AI) will transform the global economy. Market forecasts for its economic impact by 2030 range from optimistic projections of tens of trillions in gross domestic product (GDP) growth to conservative estimates of just half a percent.