Warren Edward Buffett is an American business magnate, investor, and philanthropist. He is currently the chairman and CEO of Berkshire Hathaway, and worth about $103.8 billion.
Don't take our advice about Index Funds, take his.
Warren wrote in his 1996 annual report "Most investors, both institutional and individual, will find that the best way to own common stocks is through an index fund that charges minimal fees. Those following this path are sure to beat the net results (after fees and expenses) delivered by the great majority of investment professionals"
John C. Bogle was the founder and chief executive of The Vanguard Group, and is credited with creating the first index fund.
An avid investor and money manager himself, he preached investment over speculation, long-term patience over short-term action, and reducing broker fees as much as possible. He suggested - Don't look for the needle in the haystack. Just buy the haystack.
With Vanguard, you could open an account to track all the companies listed in the S&P
The Standard and Poor's 500, or simply the S&P 500, is a stock market index tracking the performance of 500 large companies listed on stock exchanges in the United States. Take a look at how the S&P have performed over the last 5 years.
Don't Speculate - Don't become a Day Trader
Warren Buffett has become so successful by understanding the value of the companies he has bought or sold. Gamblers who speculate may get lucky once or twice, but by investing in index funds, you can succeed by consistently taking advantage of the whole market, and compound interest.
Researchers found that 3 percent of traders make money, with less than 1 percent making more than minimum wage.
Tips for investors
