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With Just 3 Words, Warren Buffett Gives a Clear Endorsement of This Vanguard ETF
Key takeaways
- In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia.
- He s suggesting that one of the best long-term investments one can make is the Vanguard S&P 500 ETF (NYSEMKT: VOO).
- The S&P 500 is designed to provide a broad cross-section of the U.S. economy.
In a 2013 Berkshire Hathaway (NYSE: BRKA)(NYSE: BRKB) shareholder letter, Warren Buffett mentioned where he wanted his wife s inheritance invested after his death: 10% in Treasury bills and 90% in a low-cost S&P 500 fund.
The three words that came next were as close to an explicit endorsement for an ETF as you ll find: "I suggest Vanguard s." That was written into his estate plan, the instructions of a man who has become known as one of the greatest investors of all-time.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
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