This Warren Buffett Favorite Could Turn $200 Per Month Into $1 Million -- and Now May Be the Perfect Time to Buy

Warren Buffett has long touted the strengths of American companies. He's a firm believer in investing in the best the U.S. has to offer and holding on for the long term -- and this strategy has worked extremely well over time. As chairman and chief executive officer, he's helped Berkshire Hathaway outperform the S&P 500 over the past 59 years -- and this is thanks to big positions in American titans such as Apple, Bank of America, and Coca-Cola, just to name a few.You could follow some of Buffett's specific stock picks, and they potentially could deliver gains for you, too. But the billionaire investor also has another way for you to win in the stock market -- and the great news is that it's effortless and has shown its strength over the years. In fact, Buffett says this strategy is an ideal one for non-professional investors.On top of this, by regularly investing in this particular Buffett-approved asset, you amplify your gains. For example, you could turn $200 per month over a number of years into $1 million. Now may be the perfect time to get started on this plan. Let's take a closer look at this Warren Buffett favorite to buy.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool