How the recently launched 'Trump Accounts' follow Warren Buffett's popular stock market advice

The US Treasury Department has announced that the newly launched Trump Accounts program will accept public stock donations, with State Street SPDR Portfolio S&P 500 ETF (SPYM) selected as the default initial investment. The program is designed to give newborn Americans a stake in the stock market through a low-cost index fund, with account holders gaining control at age 18. Several US-based firms including Visa, Dell, Comcast, and Micron (which pledged $250 million) have committed support for the initiative.