4 ms·
If you want a single index fund that you can buy and hold, and never worry about again, SPY is one of the best. Even Warren Buffet has endorsed this approach m
by nugget 9y ago
If you want a single index fund that you can buy and hold, and never worry about again, SPY is one of the best. Even Warren Buffet has endorsed this approach many times.
If you're willing to spend 15-30 minutes per month managing finances, then buy the Bogleheads' Guide to Investing and read it cover to cover.
Once you've done that, head over to the Bogleheads forum [http://www.bogleheads.org http://www.bogleheads.org] and you can learn as much or as little as you want. Taylor Larimore, one of the authors of the book (and former Band of Brothers WW2 paratrooper), is still active on the forum at the age of 93.
- deleted 9y ago[deleted]
- tanderson92 9y agoWarren Buffet has endorsed holding an S&P500 index fund many times. He has not endorsed SPY as a vehicle for that. SPY is more than twice as expensive as Vanguard's or iShare's S&P500 funds, and has lagged them since inception. It is also the case that SPY is organized as a unit investment trust so it cannot lend shares for securities lending revenue, as other S&P500 index funds can and do. For all these reasons, I expect SPY to underperform VOO. In fact Warren Buffett picked Vanguard's S&P500 fund for his long bet (http://longbets.org/362/ http://longbets.org/362/) Agree with the rest of your post. Taylor Larimore is a mensch.