This Unstoppable Warren Buffett ETF Would Have Quadupled Your Money Over the Last Decade
It's still a great option for the retail investor.
Overview
Warren Buffett doesn't usually recommend his investments outright to others. He often praises some of his favorite stocks, like Coca-Cola and Apple, and he gives general investing advice, like avoiding overvalued stocks and looking at businesses rather than stock prices.
However, he has recommended investing in an S&P 500 index fund many times, and over the past 10 years, doing so would have quadrupled your money.
Details
In 2013, Buffett described how he and Charlie Munger, his longtime business partner, spent their days analyzing businesses. However, he believes that the retail investor doesn't need to do that and can rely on the growth of the U.S. economy. "The goal of the non-professional should not be to pick winners...but should rather be to own a cross-section of businesses that in aggregate are bound to do well. A low-cost S&P 500 index fund will achieve this goal." He went on to recommend the Vanguard S&P 500 ETF (NYSEMKT: VOO).
Source
Originally published at www.fool.com.