Warren Buffett Says to Buy This Vanguard ETF. It Could Turn $1,000 Per Month Into $228,000 in 10 Years.

Warren Buffett just announced that at the end of this year, he'll step down as CEO of Berkshire Hathaway after an illustrious career heading the conglomerate. He has compounded capital at 5,500,000% in the past six decades, making him an investing legend.The Oracle of Omaha might have one of the best track records. However, his advice for the average investor is remarkably simple. Buffett suggests buying a low-cost S&P 500 index fund, such as the Vanguard S&P 500 ETF (NYSEMKT: VOO). The simplicity of such a strategy might sound boring.But when you understand that a $1,000 monthly investment in this ETF can turn into $228,000 in just 10 years, you'll quickly realize just how powerful Buffett's suggestion can be. Here's what investors need to know about this effective money-making strategy.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool