One of Warren Buffett’s most oft repeated quotes has little to do with his own investment experience but moreso with his true investment philosophy…”Most investors, both institutional and individual, will find that the best way to own common stocks is through an index fund that charges minimal fees.”
Sure, talk is cheap though. The saying, “never trust a skinny chef” comes to mind whenever I hear unsubstantiated advice. However, this no longer applies in Buffett’s case, given his estate trustee’s instructions in his will – 90% of the wealth being left to his wife is to be invested in a low-cost index fund that tracks the S&P500.
“I believe the trust’s long-term results from this policy will be superior to those attained by most investors – whether pension funds, institutions or individuals,” says Buffett (article).
At The McClelland Financial Group, we share a similar investment philosophy. We keep fees low by eliminating speculative investment strategies and ensuring our clients participate in market returns – to which they are entitled. Talk to your TMFG financial advisor to discuss how this all works.
