1 Warren Buffett Index Fund Could Turn $450 Per Month Into $976,700

Warren Buffett is one of the most successful investors in American history and one of the most respected figures on Wall Street. Under his leadership, Berkshire Hathaway's Class A shares have returned nearly 20% annually since the mid-1960s. Comparatively, the S 500 (SNPINDEX: ^GSPC) has compounded at about 11% annually, including dividends, over the long term.

Interestingly, while many investors avidly track which stocks Buffett buys and sells, they often ignore one of his most prudent recommendations. "In my view, for most people, the best thing to do is to own the S 500 index fund," Buffett said at Berkshire's annual meeting in 2021. He has repeated that advice multiple times and has specifically suggested the Vanguard S 500 ETF (NYSEMKT: VOO).

Here's how Buffett's advice could turn $450 invested monthly into $976,700 over three decades.

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Source Fool.com