Warren Buffett on Where is Best to Invest: To His Heirs He Says to Put His Estate in Index Funds
Adam Rifkin stashed this in Investing
Index funds are statistically the best option. With index funds you own a piece of almost everything.
To quote Warren Buffett:
My advice to the trustee couldn't be more simple: Put 10% of the cash in short-term government bonds and 90% in a very low-cost S&P 500 index fund. (I suggest Vanguard's.) 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 — who employ high-fee managers.
I found the Warren Buffett article and quote on investing in this Reddit thread:
Cross posted to Imzy: