Why I Just Bought This 8%-Yielding S&P 500 ETF
This isn't your typical S&P 500 ETF.
Overview
Which asset should most investors put their money into? Warren Buffett has recommended buying and holding an S&P 500 (SNPINDEX:^GSPC) index fund. He has even advised this approach for most of the money his family inherits.
I recently followed Buffett's advice, albeit not exactly in the way that he envisioned. Last week, I bought shares of an S&P 500 exchange-traded fund (ETF) with a mouthwatering distribution yield over the last 12 months of roughly 8% -- the Goldman Sachs S&P 500 Premium Income ETF (NASDAQ:GPIX).
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Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.