Vanguard S&P 500 ETF emerges as top choice for $1,000 investment

Investing $1,000 in an exchange-traded fund (ETF) can be a smart choice. The Vanguard S&P 500 ETF is highlighted as a top option, endorsed by Warren Buffett, who recommends low-cost index funds for most investors. The Vanguard S&P 500 ETF is passively managed, meaning it tracks the S&P 500 index without trying to pick individual stocks. It has delivered a total return of 257% over the past decade and has a low expense ratio of 0.03%. This ETF allows investors to benefit from the historical average annual return of 10.1% since 1957, making it a straightforward way to grow investments over time without the need for active management.