Warren Buffett • Berkshire Hathaway • Stock market • Finance • S&P 500 • Stock • Index fund，father’s day juneteenth holiday federal holiday is today a holiday
This index fund has outperformed the S&P 500 over the past year.
In May 2021, Warren Buffett offered advice to investors at Berkshire Hathaway’s annual meeting. For context, the stock market was soaring at the time — the S&P 500 had climbed 48% in the previous 12 months — fueled by unbridled enthusiasm brought on by stimulus checks, low interest rates, and the reopening of businesses in the wake of the pandemic. But Buffett’s words were sobering.
He told his audience that many new investors were essentially gambling. Buffett also expressed his belief that index funds were a better option than individual stocks for the average person. Specifically, he recommended holding an index fund comprised of a diversified group of U.S. equities over a long time horizon.