Warren Buffett’s Berkshire Hathaway has delivered nearly 20% compound annual gains over 59 years, outperforming the S&P 500’s 10% gain. Buffett recommends investing in an S&P 500 index fund to own a cross-section of successful businesses. The SPDR S&P 500 ETF Trust (SPY) tracks the S&P 500 and has an expense ratio of 0.09%. Buffett’s confidence in strong American companies drives his enthusiasm for the S&P 500. The index’s rebalancing offers exposure to top companies like Nvidia, Microsoft, and Apple. Investing in the SPY could turn $300/month into $1 million over time, with the power of compounding.

Read more at Yahoo Finance: This Warren Buffett-Approved Investment Could Turn $300 Per Month Into $1 Million