This ultra-low-cost ETF is an excellent way to invest in large-cap value stocks, many of which pay dividends.

The S&P 500 ( ^GSPC 0.78% ) has historically been a fantastic way to compound wealth -- generating annualized total returns of 9% to 10% . The proliferation of low-cost index funds and exchange-traded funds (ETFs) has made it easier than ever to invest in the S&P 500 without racking up high fees.

The Vanguard S&P 500 ETF ( VOO 0.75% ) -- one of the largest S&P 500 index funds by net assets -- has an expense ratio of just 0.03% -- or 3 cents for every $100 invested. When I first began investing, it was normal to see flat fees per stock trade of around $5 to $10. So fees and expense ratios are no longer a major drag on returns for investors who regularly pour th

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