Despite his legendary stock-picking abilities, Warren Buffett remains a staunch supporter of index funds. He favors them over most other investing options. The Oracle of Omaha even said he's instructed the trustee in charge of his estate to invest 90 percent of his money into the S&P 500 for his wife after he dies, Buffett told CNBC's Becky Quick in an exclusive interview on"Squawk Box" on Monday. "There's been no better bet than America," he says.
Index funds are a form of passive investing. They hold every stock in an index such as the S&P 500, which includes big-name companies such as Apple, Microsoft and Google, and they offer low turnover rates, so fees and taxes tend to be low as well. var mps=mps||{}; mps._queue=mps._queue||{}; mps._queue.gptloaded=mps._queue.gptloaded||[]; mps._queue.gptloaded.
A major benefit of index funds is that they're low-cost. That's because they don't require much effort to manage: You just purchase the index and let it do its thing instead of following, buying and selling shares in particular companies. Index funds are also tax efficient because they don't require much trading. Managers are"not constantly buying and selling within that fund," Holeman says.
MakeIt Watch what they do, not what they say.
MakeIt He doesn’t trust his company to run his money?
MakeIt I like you guys at CNBC, but if you repeat this story that’s been around for years, I’m going to scream. Everyone knows what he’s going to leave his wife and the fact he’s high on VOO. Please move on.
MakeIt Screw up the markets while your alive.
MakeIt He did not say that. He said his wife's money. His stock is all going to charity.
MakeIt Idiot can't let his wealth go even after he is gone! Pathetic really.
MakeIt Don't worry Warren someone will grab them before you done
MakeIt 🔥🔥🔥🔥🔥
MakeIt This article is from Feb though...
MakeIt tHe oTheR 10% iN bItCoiN
MakeIt How about giving all his money to the 100,000+ orphans in 🇺🇸.
MakeIt He does not believe any other person can do stock selection
MakeIt The other 10% into bitcoin btc and Litecoin ltc
MakeIt Flood the market
MakeIt Compound interest it just keeps on growing. WarrenBuffett can you donate a quarter of it to pulte and TwitterPhilanthropy so we can help one person at a time until there is no want to be helped compound interest
MakeIt I'll send him my bank account info for my index fund. It indexes the level of my well-being.
MakeIt And the other 10% in crypto
MakeIt Might be the 15th time you’ve posted this
MakeIt Great ideal.
MakeIt Quite old news i afraid you read his succession planning now 😀
MakeIt Hey Warren, can I have the other 10%?
MakeIt $50k returning 50% per year for the next 40 years would barely catch him even if left sitting in cash
MakeIt Why not now?
MakeIt SPY calls upon Warrens death
MakeIt Just dissolve the 90% and give it all to charity.
MakeIt 慈善事業に寄付するんちゃうんかい
MakeIt He will continue been rich even after is gone.
MakeIt No use to anyone when the world ends.
MakeIt The one quote by Warren most taken out of context. What he has said consistently is that 'if you don't know what you're doing' then buy an index fund. OK sure, but funny how the indexers choose to skip that or the fact that Warren currently buys companies and not ETFs.jimcramer
MakeIt He buying the whole downstairs. Is there a little space there for me Warren?
MakeIt This guy will make millions even when he is dead.
MakeIt Y doesnt he donate it all to the irs? And i mean all of it not 90%
MakeIt Why not now? It's not like he'll spend it all.
MakeIt
MakeIt When is he going to buy Beyond Meat? $BYND
MakeIt 🙄
MakeIt Perhaps what Warren actually meant was he does not trust anyone else managing his money! LOL. And that’s quite true .... hard to find these highly paid Fund Managers who can actually beat the Dow over long term.
MakeIt The sage of Omaha
MakeIt Why doesn’t he want his money to go to government? He always claimed he paid too little taxes.
MakeIt TL;DR: bitcoin
MakeIt Fruit of the Loom...everybody needs underwear...bang...done.
MakeIt Who cares
MakeIt I told you, Warren, I am not interested in your money. I‘m struggling myself to find good investments. There is just way too much cash here. The bank is calling everyday to ask when I can pick up some money because they don‘t have the required capacities. 🤯😉😁
MakeIt Let me guess - short $SPY
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