The Vanguard ETF Warren Buffett Endorsed in 2014 Would Have Turned $5,000 Into $20,465 Today
The Oracle of Omaha understands that too many investors easily fall into the trap of trying to outperform the market, ultimately undermining their own performance.
Overview
You may know him as Berkshire Hathaway's (NYSE: BRKA) (NYSE: BRKB) long-tenured, brilliant stock picker, as evidenced by Berkshire's market-beating returns.
Warren Buffett isn't necessarily a big fan of picking individual stocks, though, discouraging most ordinary investors not to whenever they have the option. His advice? Buy index funds meant to mirror the performance of the S&P 500 (SNPINDEX: ^GSPC); he prefers the Vanguard S&P 500 ETF (NYSEMKT: VOO).
Details
The thing is, his simple solution has proven to be brilliant since he first made his feelings on the matter clear.
Source
Originally published at www.fool.com.