Warren Buffett Says Buy This Vanguard Index Fund -- It Could Turn $400 Per Month Into $820,000
Investors can make a fortune in the stock market by simply holding an S&P 500 index fund for decades.
Overview
Under Warren Buffett, Berkshire Hathaway stock returned 19.7% annually between 1965 and 2025, nearly doubling the 10.5% annual return in the S&P 500 (SNPINDEX:^GSPC). That makes Buffett a great source of inspiration, and he consistently recommended an S&P 500 index throughout his career.
"In my view, for most people, the best thing to do is to own the S&P 500 index fund," Buffett said at Berkshire Hathaway's shareholder meeting in 2021. Investors have several options, but Buffett himself selected the Vanguard S&P 500 ETF (NYSEMKT:VOO) when going head-to-head with a hedge fund in the early 2000s.
Details
Following Buffett's advice could turn $400 per month into $820,000. Here's what investors should know.
Source
Originally published at www.fool.com.