Core Insights - The stock market is recognized as a valuable wealth-building tool, and simplicity is emphasized as the best approach for new investors [1] Investment Strategy - A hassle-free investment strategy is recommended, leaning towards passive indexing, as suggested by renowned investor Warren Buffett [5] - Half of the initial investment, $5,000, should be allocated to exchange-traded funds (ETFs), with a dollar-cost averaging approach of $1,000 per month [5] - The Vanguard S&P 500 ETF (NYSEMKT: VOO) is highlighted as a preferred choice due to its low expense ratio of 0.03% and its performance tracking the S&P 500 index [6] Performance Metrics - The Vanguard S&P 500 ETF has achieved a total return of 328% over the past decade, driven by the success of major tech stocks and trends in artificial intelligence, cloud computing, digital advertising, and streaming entertainment [7] Active Stock Selection - The remaining $5,000 is suggested for an active investment strategy, starting with cash and used to purchase individual stocks as opportunities arise [8] - Key traits for stock selection include economic moats, pricing power, strong financials, and effective management teams, with a focus on attractive valuations [9] Future Investment Plans - The entire $10,000 will eventually be fully invested, with future decisions on whether to buy more ETFs or individual stocks as additional funds are added [10]