Warren Buffett Swears By This 1 Low-Cost Investment. History Proves He's Been Right Every Time.
There's a good reason why Buffett says this investment is "the best thing" for most people.
Overview
The S&P 500 (SNPINDEX: ^GSPC) is up by more than 10% over the last three months alone, as of this writing -- its most successful quarter in years. But it's also a historically expensive time to invest, and some metrics are sounding the alarm over the market's valuation.
For example, the Buffett indicator -- named for Warren Buffett after he used the metric to predict the dot-com bubble burst -- now sits at a record high of 236%. In a 2001 interview with Fortune Magazine, Buffett himself noted that when this metric nears 200%, investors are "playing with fire."
Details
Now, this doesn't necessarily mean that a bear market or recession is around the corner. But it's more important than ever to ensure you're investing in strong long-term stocks and funds. There's one investment Buffett has strongly recommended for decades, and history proves he's been right every single time.
Source
Originally published at www.fool.com.