Many folks stay away from investing because they think it’s too complicated, or that you have to follow Wall Street 24/7 to know what’s happening. It’s a good thing we have resources out there for us that prove that is not the case.
If you were to ask most people who they would look to for investment advice, odds are many will answer Warren Buffett. It may seem wild, but he writes a letter to shareholders every year, and they are posted to this site: https://www.berkshirehathaway.com/letters/letters.html
Yes, that’s right, you can go read annual letters from 1977 to the current year. In here you may think you’ll get some great stock tips, but I’d argue some of the best advice you’ll find is throughout many letters, that advises investors to a low cost S&P 500 index fund.
In the 2017 letter you can read the conclusion of Warren Buffet’s bet with Protégé Partners that a fund following the S&P 500 would beat the returns of five hedge funds picked over the course of 10 years. While you can see in the charts that the first year the hedge funds were ahead, they trailed the rest of the way and ultimately lost.
While I have a portfolio of individual stocks, much of my investments are in funds that Warren Buffet would approve for folks like myself. I continue to build returns and dividend income as a result. I encourage all to read Warren Buffet’s letters to shareholders and learn.