Warren Buffett Buys Vanguard S&P 500 Index Fund for the first time in history! In this video I let you know the two main reasons why I believe he's decided to do this after over 50 years of investing in individual stocks and acquiring individual businesses. Despite Warren Buffet net worth being astronomical, he actually has a cash problem! First world problem for sure. He's also not worried about the Coronavirus, in relation to the Stock Market.
In the past Warren Buffett has always recommended the S&P 500 Index Fund, either SPDR ticker symbol $SPY or Vanguard S&P 500 ticker symbol $VOO, for the average retail investor. It looks like he's finally taking his own advice!
You know who loves the fact that Warren Buffett made this decision? The Financial Independence Retire Early Community! This is the simple F.I.R.E. Strategy for investing in the stock market, whether it is via the $VTSAX Total Stock Market Mutual Fund, $VTI Total Stock Market ETF Index Fund, or one of the S&P 500 versions.
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