Warren Buffett recommends low-cost index funds for most people — but BofA says the S&P 500 is the ‘worst thing to hold’ right now. Buy these 4 top sectors to avoid confusion

Warren Buffett likes index funds — particularly those that follow the S&P 500.

“In my view, for most people, the best thing is to do is owning the S&P 500 index fund,” he once said.

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But that strategy may not be optimal in the current market environment according to Bank of America’s head of U.S….