Many view Warren Buffett as one of the greatest stock pickers of all time, if not the greatest, so you might be surprised to learn that he owns two ETFs in his Berkshire Hathaway (NYSE:BRK.B) portfolio. Not only that, but the only two ETFs that he owns are broad market ETFs — the Vanguard S&P 500 ETF (NYSEARCA:VOO) and the SPDR S&P 500 ETF Trust (NYSEARCA:SPY).
I’m bullish on these ETFs based on their fantastic long-term track records and their low fees. Plus, if they are worthy of a spot in Buffett’s portfolio, they are likely worth a spot in the portfolio of the everyday investor as well. Here are the likely reasons why the Oracle of Omaha owns these ETFs and why they could be good fits for your portfolio as well.
Buffett and Index Funds
VOO is a $347.2 billion low-cost ETF from Vanguard that simply invests in the S&P 500 (SPX), an index representing 500 of the…
