The Vanguard ETF Warren Buffett Endorsed in 2014 Would Have Turned $5,000 Into $20,465 Today
Yahoo Finance ·
You may know him as Berkshire Hathaway 's ( BRKA +0.00% ) ( BRKB 0.35% ) long-tenured, brilliant stock picker, as evidenced by Berkshire's market-beating returns. Warren Buffett isn't necessarily a big fan of picking individual stocks, though, discouraging most ordinary investors not to whenever they have the option. His advice? Buy index funds meant to mirror the performance of the S&P 500 ( ^GSPC +0.42% ) ; he prefers the Vanguard S&P 500 ETF ( VOO +0.46% ) . The thing is, his simple solution has proven to be brilliant since he first made his feelings on the matter clear. Buffett's always leaned in this general direction. He put his commitment to the premise in writing back on March 1, 2014, however, penning in Berkshire's 2013 shareholder letter:
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