Want to Be a Stock Market Millionaire? Try This Warren Buffett-Approved Investment

KEY POINTS
Choosing the right investments is key to building a million-dollar portfolio.
For most investors, Warren Buffett highly recommends S&P 500 index funds.
With just a few hundred dollars per month, you can reach $1 million or more.

It's easier than you may think to reach $1 million in savings.
Becoming a millionaire in the stock market may seem like a lofty goal, but it's more attainable than you might think.

You don't need to be rich to generate wealth in the stock market, but you do need the right investments. While there are seemingly endless options to choose from, there's one, in particular, that legendary investor Warren Buffett strongly endorses: The S&P 500 index fund.

In fact, in Berkshire Hathaway's 2020 annual meeting, Warren Buffett explained that when it comes to choosing investments, "for most people, the best thing to do is to own the S&P 500 index fund."

S&P 500 index funds can be a smart option in many cases, and they could also help you become a stock market millionaire. Here's how.

What are S&P 500 index funds?
The S&P 500 itself is a stock market index that includes stocks from 500 of the largest and strongest companies in the U.S. This index is generally considered a strong representation of the stock market as a whole, as the companies within the index span a wide variety of industries.

Should you invest $1,000 in Vanguard Index Funds - Vanguard S&P 500 ETF right now?
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