In this op-ed Warren Buffett says he's buying American stocks for his own personal portfolio.
Warren's words of wisdom: "A simple rule dictates my buying: Be fearful when others are greedy, and be greedy when others are fearful." I love that.
Although there is a lot of fear and uncertainty in the market right now and no one is real sure how long it will be in this funk, history shows that its times like these that are the best opportunity for investing for the future. Buy low, sell high.
Like Warren says in the article, these are investments for the future (maybe 5 to 10 years out).
Don't use cash you need immediately or can't afford to lose like your emergency fund or mortgage payment. Remember, investing has risks of loss.
Instead of trying to pick individual stocks, it might be better to buy shares of a good mutual fund slowly and steadily over time.
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2 comments:
Dave,
Which Mutual Funds have your eye?
Todd
Hey Todd,
I don't watch mutual funds as closely as stocks. However, I do like American Funds and Vanguard Funds. Both have good records of growth and relatively low expenses.
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