Reported about 10 hours ago
Warren Buffett advises average investors to purchase a low-cost Vanguard S&P 500 ETF, which can turn a monthly investment of $1,000 into approximately $228,000 over 10 years, based on historical returns. This strategy leverages dollar-cost averaging, allowing consistent investment without trying to time the market accurately. Buffett's endorsement emphasizes the ETF's low expense ratio of 0.03%, further enhancing its attractiveness as a long-term investment for building wealth.
Source: YAHOO