Warren Buffett Recommends This Index Fund. It Could Turn $500 Per Month Into $968,900

Warren Buffett ranks among the most successful investors in American history. Under his leadership, Berkshire Hathaway's share price has grown at 20% annually since 1965. By comparison, the benchmark S&P 500 (SNPINDEX: ^GSPC) has returned about 10% annually, including reinvested dividends, during the same period.Consequently, many investors avidly track the stocks Buffett is buying and selling with SEC Forms 13F. But most investors ignore of his most prudent pieces of advice. "In my view, for most people, the best thing to do is to own the S&P 500 index fund," Buffett said at Berkshire's annual meeting 2021. He has often repeated that advice, and has specifically suggested the Vanguard S&P 500 ETF (NYSEMKT: VOO).Here's how that advice could turn $500 invested monthly into $986,900 over 30 years.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool