India, Aug. 2 -- If you are a new bee investor, pick a fund that tails the S&P 500 and put your money in it. At least that's what ace investor Warren Buffet says. Buffet has made a career out of picking up the right stocks at the right time, even though Ji's advice sounds overtly simplistic. Buffett has repeatedly recommended S&P 500 index funds as a simple way for average investors to build wealth over the long term.

Buffett directly called the S&P 500 index fund "the best thing" for most investors. "For most people, the best thing to do is to own the S&P 500 index fund", said Buffet, the founder of Berkshire Hathaway, during the company's 2020 annual meeting when explaining how ordinary people should approach investing, according to Th...