If I Were in My 20s, I'd Buy This 1 ETF Warren Buffett Recommended and Hold It for Decades

In his 2013 letter to Berkshire Hathaway shareholders, Warren Buffett laid out the advice he'd give to the advisor of his wife's inheritance: My advice to the trustee could not be more simple: Put 10% of the cash in short-term government bonds and 90% in a very low-cost S&P 500 index fund. (I suggest Vanguard's.) He didn't offer this advice specifically for retail investors, but I think it obviously applies. And it's a pretty clear endorsement of the Vanguard S&P 500 ETF (NYSEMKT: VOO).

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