"Warren Buffett has demonstrated exceptional investment prowess, achieving a staggering 5,502,284% cumulative returns over 60 years, significantly outpacing the S&P 500's 39,504%."
"Buffett emphasizes that for the average investor, low-cost index funds offer a simpler, more effective path to wealth accumulation compared to attempting to pick individual stocks."
"Although traditionally viewed as a stock market proxy, the S&P 500 does not encompass all trading stocks, contrary to the increasingly broad alternatives available today."
"Investors today have options between ETFs like VOO and VII, with VOO being more budget-friendly due to its lower expense ratio, aimed at mitigating costs over time."
Warren Buffett has solidified his status as a premier investor, boasting an extraordinary 5,502,284% return over the last 60 years, outshining the S&P 500's 39,504%. Despite being a legendary stock picker, he advocates for average investors to consider low-cost index funds like the Vanguard S&P 500 ETF (VOO) or the Vanguard Total Stock Market ETF (VII). VOO offers a lower expense ratio, which can be advantageous during market fluctuations, while stressing the importance of not overlooking the broader market beyond the S&P 500's limitations.
Read at 24/7 Wall St.
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