The Vanguard ETF Warren Buffett Endorses That Young Investors Should Buy and Hold Forever
You likely know him best as a brilliant stock picker, and the key reason Berkshire Hathaway (NYSE: BRKA) (NYSE: BRKB) shares typically outperformed the S&P 500 during the 55 years he served as CEO of the conglomerate.
The fact of the matter is that Warren Buffett wishes you wouldn’t follow in his exact footsteps. He’d much rather most people do things a little differently than he did, largely because most investors can’t do exactly what Buffett did and how he did it while heading up Berkshire.
So what does he want you to do? Buy and hold the simplest of all investment options. That’s the Vanguard S&P 500 ETF (NYSEMKT: VOO), which is merely meant to mirror the performance of the aforementioned S&P 500.
Source: www.fool.com — article syndicated from the publisher’s feed; all rights remain with the original publisher.