Warren Buffett advises investors to buy the S&P 500 index. Vanguard S&P 500 ETF is a low-cost option. Invesco S&P 500 Equal Weight ETF offers a different approach. Buffett’s advice remains valuable even after stepping down as Berkshire Hathaway CEO. The S&P 500 index tracks the U.S. economy and large, significant businesses. The index is market-cap weighted and influenced by a committee’s stock selection.

Investors should consider Vanguard S&P 500 ETF with a 0.03% expense ratio. In contrast, SPDR S&P 500 ETF has a higher 0.09% expense ratio. Technology companies dominate the S&P 500 index, causing concern for some investors. Invesco S&P 500 Equal Weight ETF provides a balanced alternative with equal weighting methodology and a 0.20% expense ratio.

Invesco S&P 500 Equal Weight ETF offers a more diverse portfolio and slightly higher dividend yield at 1.6%. Both ETFs can be purchased as fractional shares. Stock Advisor’s top 10 list doesn’t include S&P 500 Index. Stock Advisor has outperformed the S&P 500 with a total average return of 968%. Join the investing community for more insights.

Read more at Yahoo Finance: 2 S&P 500 ETFs to Buy With $100 and Hold Forever