That's good for wealth preservation and nominal maintenance. But it's almost certainly not going to generate wealth. Buffett is one of the richest people in the

That's good for wealth preservation and nominal maintenance. But it's almost certainly not going to generate wealth. Buffett is one of the richest people in the world because he manages money for other people (and does it well), not because he bought and held index funds. Obtaining vast wealth requires doing things which have a multiplier effect well beyond the scale of your labor. That usually requires doing something related to the aggregation or generation of capital. It can't be done solely with your own capital unless you're already wealthy.