Warren Buffett said 90% of his wife’s inheritance will go into a single investment.
Here’s why and how you can do it too Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below
Legendary investor Warren Buffett has generated substantial returns for the shareholders of his company, Berkshire Hathaway. From 1964 to 2023, Berkshire delivered an overall gain of 4,384,748% (1). Given that astonishing track record, one might assume that Buffett would want this successful trajectory to continue through his estate after his passing.
However, the Oracle of Omaha has a different plan in mind. Top Picks – – – The IRS usually taxes gold as a collectible — but this little-known strategy lets you hold physical bullion tax-free. Get your free guide from Priority Gold In his 2013 letter to Berkshire shareholders, Buffett shed light on the directives he has included in his will. “One bequest provides that cash will be delivered to a trustee for my wife’s benefit,” he wrote (2). “My advice to the trustee could not 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.” And now, over 10 years later, the S&P 500 is continuing to weather storm after storm — including the war in Iran.