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Warren Buffett Reveals The Instructions In His Will To Invest 90% Of Wife's Inheritance — 'My Widow Will Not Be An Expert On Stocks' [Yahoo! Finance]
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Buffett's advice centered on an investment strategy for his wife , Astrid, guided by the instructions he had laid out in his will. Don't Miss: Are you rich? Here's what Americans think you need to be considered wealthy. Can you guess how many Americans successfully retire with $1,000,000 saved? The percentage may shock you In the interview, he said the Berkshire shares would go to philanthropy . Part of the cash would go directly to his wife and part to a trustee. He told the trustee to put 10% of the cash in short-term government bonds and 90% in a low-cost S&P 500 index fund. CNBC's Becky Quick highlighted that it was the first time Buffett had publicly discussed the details. Buffett said, "I laid out what I thought the average person who is not an expert on stocks should do. And my widow will not be an expert on stocks. I want to be sure she gets a decent result." The strategy Buffett outlined is not just for his family but applies to any investor seeking reliable retur
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