Warren Buffett Says Buy This Index Fund. It Could Turn $400 Per Month Into $851,800 With Help From Apple, Nvidia, and Tesla.
Warren Buffett has earned a reputation as one of Wall Street's greatest investors. The many acquisitions and stock purchases he has engineered since assuming control of Berkshire Hathaway in 1965 have created immense wealth for shareholders. Berkshire stock has returned 20% annually over the last six decades, while the S&P 500 (SNPINDEX: ^GSPC) has gained 10.4% annually.Nevertheless, I suspect many investors ignore one of his more prudent recommendations. Buffett has often advised investors to periodically buy and patiently hold an S&P 500 index fund. "I recommend the S&P 500 index fund, and have for a long, long time, to people," he said in 2021.Here's how that advice could turn a $400 monthly investment into $851,800 over 30 years.Continue reading
Warren Buffett has earned a reputation as one of Wall Street's greatest investors. The many acquisitions and stock purchases he has engineered since assuming control of Berkshire Hathaway in 1965 have created immense wealth for shareholders. Berkshire stock has returned 20% annually over the last six decades, while the S&P 500 (SNPINDEX: ^GSPC) has gained 10.4% annually.
Nevertheless, I suspect many investors ignore one of his more prudent recommendations. Buffett has often advised investors to periodically buy and patiently hold an S&P 500 index fund. "I recommend the S&P 500 index fund, and have for a long, long time, to people," he said in 2021.
Here's how that advice could turn a $400 monthly investment into $851,800 over 30 years.
