Forget Warren Buffett's Favorite Index. This Artificial Intelligence ETF Could Potentially Turn Just $500 Per Month Into $156,000 Over 10 Years.
Warren Buffett has long touted the virtues of investing in a low-cost index fund that tracks the S&P 500 index. The thinking behind this recommendation is that an S&P 500 index fund will track the broader market, delivering low-risk, average returns with low costs.But there are also sector-specific exchange-traded funds (ETFs) that offer exposure to specific sectors. And while Buffett is more modest in picking specific sectors to win, it seems likely that the technology sector will, over the long run, outperform.After all, technology is making its way into more and more of our daily lives, through smartphones, cloud computing, and now artificial intelligence. The sector, with its high technical and capital barriers, has also generally produced high margins in recent years.Continue reading
Warren Buffett has long touted the virtues of investing in a low-cost index fund that tracks the S&P 500 index. The thinking behind this recommendation is that an S&P 500 index fund will track the broader market, delivering low-risk, average returns with low costs.
But there are also sector-specific exchange-traded funds (ETFs) that offer exposure to specific sectors. And while Buffett is more modest in picking specific sectors to win, it seems likely that the technology sector will, over the long run, outperform.
After all, technology is making its way into more and more of our daily lives, through smartphones, cloud computing, and now artificial intelligence. The sector, with its high technical and capital barriers, has also generally produced high margins in recent years.
