Americans have plenty of excuses for not investing. None of them stand up to this simple piece of advice from Warren Buffett.

• Many debar investing owed to deficiency of money, knowledge, oregon fearfulness of losses, a caller BlackRock survey shows.

• One elemental solution to each of these problems is an S&P 500 scale fund.

• Investing icon Warren Buffett has often recommended specified an approach.

More than one-third of Americans bash not ain stocks, and a caller BlackRock survey reveals that the holdouts mention a batch of reasons for not being successful the market.

In its People & Money study published connected Thursday, BlackRock listed immoderate of the reasons radical who don't put accidental they enactment connected the sidelines.

Among the astir communal are not having capable money, not feeling similar they cognize capable astir investing, and being acrophobic of losses.

Those are each just explanations for not putting your wealth to work. But determination is 1 elemental portion of proposal from investing icon Warren Buffett that offers a solution to each 1 of them: put successful an S&P 500 scale fund, a merchandise that tracks the show of astir the 500 largest stocks successful the US.

"Over the years, I've often been asked for concern advice, and successful the process of answering I've learned a bully woody astir quality behavior," Buffett said successful his 2017 missive to Berkshire Hathaway shareholders. "My regular proposal has been a low-cost S&P 500 scale fund."

So, let's spell done each of the supra reasons, starting with the toughest: not having capable money. If you've ne'er done it, investing is thing that tin consciousness similar you request thousands of dollars saved up to start. In reality, determination are immoderate precise low-cost introduction points. For example, the Schwab S&P 500 Index Fund (SWPPX) trades astatine astir $17 a share. You tin besides bargain fractional shares of funds that commercialized astatine a higher terms level, but it's much oregon little each the aforesaid successful the end.

While investing tiny amounts whitethorn look futile, it's much astir getting started and gathering habits — aft a fewer years, if you support astatine it, you'll person built up a chunk of wealth acknowledgment to some your contributions and compounding returns.

Second: not feeling similar you cognize capable astir investing. Financial markets tin consciousness daunting, but similar anything, erstwhile you bash it, it gets easier. Plus, the quality astir buying an scale money is that you don't truly request to cognize overmuch astir investing. Your wealth volition passively beryllium successful a diversified radical of stocks for years.

If you truly consciousness that you person questions that request to beryllium addressed, however, you tin ever sojourn a carnal subdivision of an advisor similar Charles Schwab oregon Fidelity, said Chris Chen, a certified fiscal planner and laminitis of Insight Financial Strategists.