Legendary investor Warren Buffett has delivered a remarkable gain of 4,384,748% for Berkshire Hathaway shareholders since 1964. Despite his success, Buffett plans to leave his wife’s trustee with simple advice: invest 90% in a low-cost S&P 500 index fund and 10% in short-term government bonds.

Buffett believes in index funds over stock picking, stating the average person can’t pick stocks. This passive investment strategy is accessible to all, even through apps like Acorns that automatically invest spare change. Buffett’s preferred S&P 500 index fund surged 24% in 2023.

For a low-risk investment, consider short-term government bonds. They offer stability and a predictable income source. Tailor your portfolio allocation to your financial situation. Platforms like SoFi can help you invest in ETFs, index funds, or individual stocks without commission fees.

While growing savings with the S&P 500 is a common goal, financial responsibilities like mortgages and student loans may complicate matters. Working with a financial advisor can add 3% to net returns over time, potentially leading to over $1.3 million in additional growth over 30 years.

If you need personalized guidance on investing, consider using Advisor.com to connect with licensed financial professionals. They can help determine your retirement timeline, assess market comfort levels, and build the right asset mix for your portfolio. Schedule a free consultation to discuss your long-term financial plan.

Read more at Yahoo Finance: Warren Buffett said 90% of his wife’s inheritance will go into this one investment, and it’s not Berkshire Hathaway