Warren Buffett Says Buy This S&P 500 Index Fund. It Could Soar by 139%, According to a Top Wall Street Analyst

Warren Buffett is one of the world's top investors. In 1965, he acquired a controlling stake in a struggling textiles enterprise called Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B), and converted it into a holding company which is now worth over $1 trillion. Berkshire owns a number of subsidiaries like GEICO Insurance and Dairy Queen, in addition to a $288 billion portfolio of publicly traded stocks and securities which Buffett and his team oversee.Had you invested just $500 in Berkshire stock in 1965, it would have grown to a whopping $22.3 million at the end of 2024, thanks to Buffett's incredible ability to pick stocks. But he is a full-time professional with decades of experience, so he knows the average investor would struggle to replicate his results. That's why he often recommends they buy an exchange-traded fund (ETF) that tracks the performance of a diversified index like the S&P 500 (SNPINDEX: ^GSPC).The Vanguard S&P 500 ETF (NYSEMKT: VOO) is one Buffett has recommended by name in the past, and it's popular for its extremely low cost. According to Wall Street analyst Tom Lee from Fundstrat Global Advisors, the S&P 500 could soar by 139% by 2030, so investors who buy the Vanguard ETF today could earn a very nice return over the next five years.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool