Platt Predicts Market Shifts

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wealthiest hedge fund manager

The Motley Fool

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Business

Business & Economics

Billionaire Michael Platt Just Made a Move that Would Please Warren Buffett

Summary

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80% Informative

Michael Platt has been known for anticipating market shifts and taking appropriate action.

Buffett likes S&P 500 ETFs because they allow investors to easily bet on the best U.S. companies as a class.

Platt 's purchase of the SPDR S.P 500 fund in the first quarter suggests he expects more gains for the broad market.

The fund has been very successful, last year recording a 38% gain.

SPDR S&P 500 ETF Trust has delivered an average annual return of 10% .

The Buffett -approved investment isn't only a potential winner for Platt -- but it could be a winner for you too, if you buy and hold on for the long haul.

The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now.

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