Is Growth Your New Year's Resolution? This Unstoppable Warren Buffett Index Fund Could Turn $75 a month into $50,000

The S 500 recently hit a new all-time high, confirming that we're in a new bull market. The index has now climbed more than 30% since its bear market low back in October of 2022. Since bull markets support growth, today is the perfect time to focus on pumping up your portfolio and paving the path for long-term gains. What should you do to maximize your portfolio's potential?

Take advice from investment giant Warren Buffett. As chairman of Berkshire Hathaway, the Oracle of Omaha, as he's often called, has helped deliver a compounded annual increase of nearly 20% over 57 years thanks to his excellent stock picks. But Buffett's billion-dollar portfolio also includes another asset type that he heartily recommends to other investors.

Buffett's portfolio holds two S 500 index funds, the SPDR S 500 ETF Trust (NYSEMKT: SPY) and the Vanguard S 500 ETF (NYSEMKT: VOO). And he thinks your portfolio could benefit from one of these funds that tracks the index's performance too. So, if growth is one of your New Year's resolutions, set aside $75 a month, and let's take a look at how it could turn into $50,000.

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Source Fool.com