Warren Buffett Says This Vanguard ETF Is One of the Best Investments Out There. It Could Turn $1,000 Per Month Into $228,000 in 10 Years.

Few will argue if you call Warren Buffett the greatest investor of all time. The returns speak for themselves. Between 1965 and 2024, under the Oracle of Omaha's leadership, Berkshire Hathaway has seen its share price rise at a compound annual rate of 19.9%, nearly double the gain for the S&P 500 index.This track record is unbelievable, partly because of how long it has gone on. But while the average investor might take this as a recommendation to go out and start picking individual stocks, Buffett's advice is quite simple. He believes the best strategy for most people is to just buy a low-cost S&P 500 index fund. The Vanguard S&P 500 ETF (NYSEMKT: VOO) is one that immediately comes to mind. This sounds boring at first. However, consider that a $1,000 monthly investment could eventually turn into a significant $228,000 nest egg in just a decade's time. This shows how smart Buffett's idea actually is at building wealth in the stock market.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool