Warren Buffett is well known for being the “Oracle of Omaha.” He is an investor with a legendary track record of making good decisions. And he’s just one of many investors who believe that index investing is the best path for achieving long-term market success. Buffett touts the overall strength of the United States economy and low fees associated with index funds. We all want to be like Buffett, but investing in funds can be a pricey proposition.
However, there’s another method to model your portfolio after an index like the S&P 500 without pouring money into mutual funds or exchange-traded funds (ETFs): direct indexing.