Is the Vanguard S&P 500 ETF the Smartest Investment You Can Make Today?

It feels ironic to posit that an exchange-traded fund (ETF) Warren Buffett just sold out of could be the smartest investment you could make, but even the Oracle of Omaha himself might agree. He has said many times that most investors should invest in an ETF that tracks the S&P 500, and individual investors shouldn't make the mistake of comparing their personal portfolios to Berkshire Hathaway, which manages billions in its equity portfolio and has different investing goals.Berkshire Hathaway just sold out of its two S&P 500 index funds, including the Vanguard S&P 500 index fund (NYSEMKT: VOO), but he'd still recommend it for others. Let's see why Buffett likes it so much for individual investors and why it could be the smartest investment you can make today.You may have heard that most fund managers don't beat the market in almost any given year. It seems to be easier to accomplish that feat when the market doesn't do well, which is logical, but it's still hard to beat it even in the tougher years.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool