The Vanguard ETF Warren Buffett Endorses That Young Investors Should Buy and Hold Forever

Warren Buffett recommends that most investors, including his estate, buy and hold the Vanguard S&P 500 ETF (VOO) rather than attempt to pick individual stocks. While Buffett himself actively manages Berkshire Hathaway's diverse portfolio of businesses, he believes average investors would achieve superior long-term results by investing in a low-cost S&P 500 index fund rather than employing high-fee managers or trying to beat the market through active stock picking.