2 S&P 500 ETFs to Buy With $100 and Hold Forever
Warren Buffett earned the nickname the Oracle of Omaha because of his investment track record. He has recently stepped down as the CEO of his investment vehicle, Berkshire Hathaway, but that doesn't change the value of the remarkably successful investor's advice.Buffett's advice? Most investors should just buy the S&P 500 index (SNPINDEX: ^GSPC) and hold forever. Two options for achieving this are Vanguard S&P 500 ETF (NYSEMKT: VOO) and Invesco S&P 500 Equal Weight ETF (NYSEMKT: RSP). Here's what you need to know.The key fact to understand about the S&P 500 index is that it isn't actually meant to track the stock market. The actual purpose of the index is to track the U.S. economy. The hand-selected list of approximately 500 stocks comprises large and economically significant U.S. businesses spanning all major industries. The reason Buffett likes the S&P 500 index so much is that it grows along with the U.S. economy, which has a long history of steady expansion behind it.Continue readingWeiter zum vollständigen Artikel bei MotleyFool
Quelle: MotleyFool