I am quoted in U.S. News & World Report: “How to Invest in the S&P 500 at All-Time Highs”
“Since the outlook for the U.S. economy over the next few years is good with GDP projected to grow at 2% or higher, interest rates expected to remain near historically low levels and corporate profits expected to grow, the S&P 500 index continues to be an attractive investment vehicle,” says David I. Kass, clinical professor of finance at the University of Maryland’s Robert H. Smith School of Business.
Kass points to the 2013 shareholder letter from billionaire Warren Buffett. He’s still very much alive, mind you – but wrote that upon his death: “One bequest provides that cash will be delivered to a trustee for my wife’s benefit. 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.”