1 Warren Buffett has said that his children's inheritance will be placed in an S&P 500 index fund upon his death
If it's good enough for him, then it's good enough for you.
Here's why the S&P 500 is such a great investment:
Here's why the S&P 500 is such a great investment:
The S&P 500 is well-diversified
When you invest in an S&P 500 index fund or ETF, you have exposure to the top 500 companies in the US.
These companies span several sectors: Tech, Health, Banking, and many others
You get exposure to all of this when you invest.![]()
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These companies span several sectors: Tech, Health, Banking, and many others
You get exposure to all of this when you invest.
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Some famous words of Buffett. I hope it's useful to you. : )
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whqqq : Good points. I have also part of my skin in the game. However, I was wondering what would happen with my actual S&P holdings if e.g. Apple went bankrupt tomorrow. I know it is not probable, but anyone has a simple answer?
areecep OP whqqq : Index funds are self cleansing. Meaning they always purge the losers and move in new winners.