Billionaire investor says Americans face 'rude awakening' if they follow Warren Buffett's advice

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Billionaire investor says Americans face 'rude awakening' if they follow Warren Buffett's advice

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A billionaire investor has claimed Americans are in for a 'rude awakening' if they follow one of Warren Buffett's most popular pieces of advice. Buffett, one of the world's most successful and well-respected investors, has long recommended that retail investors buy a low-fee S&P 500 tracker fund. This is an investment fund that tracks the performance of the S&P 500, delivering investors its exact gains or losses. The index has a storied history of gains, and rose over 20 percent in 2024, after gaining 24 percent in 2023.
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