Wall Street pays a huge amount of attention to the price movements of the S&P 500 index (SNPINDEX: ^GSPC). If stocks are in a bull market, everyone wants to know when the next bear market will arrive. If there's a bear market, everyone keeps an eye out for the sign that the next bull market has come along. History shows you should ignore Wall Street and focus on a long-term plan of saving and investing, no matter what the market is doing.
World-famous investor and Wall Street icon Warren Buffett has often said that most investors would be better off buying an S&P 500 index fund, such as SPDR S&P 500 Trust (NYSEMKT: SPY) or Vanguard S&P 500 ETF (NYSEMKT: VOO), than trying to buy individual stocks. The real purpose of this is to create a simple, diversified portfolio that allows the investor to focus their attention on saving money and, frankly, living a happy life.
Missed AI's "Act 1"? Act 2 Could Be 15x Bigger. Most investors think they missed the AI boat because they didn't buy Nvidia in 2005. But according to our ****** ysts, we're only at the end of "Act 1"—the R&D phase. "Act 2" is the global rollout. Continue »
That said, a key part of Buffett's investment advice is that you should keep buying the S&P 500 no matter what is happening with the market. That's called dollar-cost averaging. You should also reinvest your dividends, which allows the dividends to compound over time. Both are simple, but powerful wealth-building tools.
SPY data by YCharts
#stocks
World-famous investor and Wall Street icon Warren Buffett has often said that most investors would be better off buying an S&P 500 index fund, such as SPDR S&P 500 Trust (NYSEMKT: SPY) or Vanguard S&P 500 ETF (NYSEMKT: VOO), than trying to buy individual stocks. The real purpose of this is to create a simple, diversified portfolio that allows the investor to focus their attention on saving money and, frankly, living a happy life.
Missed AI's "Act 1"? Act 2 Could Be 15x Bigger. Most investors think they missed the AI boat because they didn't buy Nvidia in 2005. But according to our ****** ysts, we're only at the end of "Act 1"—the R&D phase. "Act 2" is the global rollout. Continue »
That said, a key part of Buffett's investment advice is that you should keep buying the S&P 500 no matter what is happening with the market. That's called dollar-cost averaging. You should also reinvest your dividends, which allows the dividends to compound over time. Both are simple, but powerful wealth-building tools.
SPY data by YCharts
#stocks
2 days ago
