The Smartest ETF to Buy With $2,000 Right Now -- and Why Warren Buffett Would Approve
Buffett has long advocated for simplicity, quality, and low fees when investing for the long term. This ETF checks all the boxes.
Overview
Sometimes the simplest solutions are the best ones.
Warren Buffett has invested for decades using that philosophy. Buying high-quality businesses at good prices and holding them forever, letting their stories play out, has helped him become one of the most successful investors of all time. He also favors simplicity. He doesn't own hundreds of stocks or dozens of ETFs. He just owns those he has conviction in.
Details
This simplicity is also evident in his financial estate plans. In his 2013 letter to Berkshire Hathaway (NYSE: BRKA)(NYSE: BRKB) shareholders, he said this: "My advice to the trustee could not be more simple: Put 10% of the cash in short-term government bonds and 90% in a very low-cost S&P 500 index fund."
Source
Originally published at www.fool.com.