I can (maybe) help simplify your search. Bershire Hathaway hasn't done well this year, but Buffett is stil a guru among gurus - and has a net worth in excess of $68 billion..

Warren Buffett said in a 2020 interview: "Berkshire Hathaway Chairman and CEO Warren Buffett has long said that owning an S&P 500 stock market index fund is the best bet long-term investors can make."

In another interview ( LINK) he said the following:
"I bought my first stock when I was 11 years old. It was the first quarter of 1942, shortly after Pearl Harbor,” Buffett recalls. “I spent $114.75, for shares of a stock. $114.75. If I put that $114 into the S&P 500 at that time and reinvested the dividends, think of a figure as to what it…would be worth today,” he asked me?

So, what do think?

$10,000?

$75,000?

I’ll give you some help. That’s way low.

Let’s pick it up with Buffett again: “The answer is about $400,000. So if I as a little kid had taken that 114 bucks I’d saved— shoveling snow (LAUGH) or whatever I’d done, [I’d have] $400,000 today. [In] one person’s lifetime. That’s America. I mean, that isn’t me. You know, it’s the huge tailwind the American economy gives to any equity investor.”

FWIW Buffett specifically recommends Vanguard's Index 500 fund (or ETF).

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Posted by Auburn1968

NYC

Member since Mar 2019

19761 posts

Posted on 5/21/20 at 2:18 pm to JohnWicksDawg

It's hard to go wrong with any good index fund with the market down so much. I pretty much hit the low ebb in late march after sitting with cash for a while watching this Wuhan virus unleashed.

The question is what is going to happen when the second quarter reports and 30 to 40% GDP drop happens? Back to late March number???

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