Listen closely as the master recommends "low cost index funds."
Monday, July 5, 2010
Warren Buffett gives the key to successful investing
Are you investing in "low-cost index funds?" If you were writing rock-and-roll songs, wouldn't you listen to Paul McCartney? In trying to understand investments, shouldn't you heed the words of the world's greatest investor? The sad state of affairs is that millions of Americans are throwing away a good part of their nest eggs on which their retirement depends by overpaying charlatans who pretend to be market gurus!
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Hi Robert,
ReplyDeleteIt is amazing after all of the evidence in favor of indexing that more individuals do not embrace this approach. I enjoy your blog.
Best regards,
Barb Friedberg
Hi Barb,
ReplyDeleteThanks for stopping by.
Unfortunately individuals are either intimidated by investing or think they are the next undiscovered guru - the Lake Wobegon
factor. They need a certain level of financial literacy to see through the marketing pitch of active managers.
I enjoy your blog as well.
Robert
This is such sage advice, and he has been consistent with this advice over the years. That's what I like about Warren Buffet. He is tried and proven, and he provides such insight. Why more people don't consider this strategy is beyond me? Perhaps, it is an issue of risk tolerance. I have very little when it comes to investing in paper assets. Thanks for this post/video. Regards,
ReplyDeleteShawn
Hi Shawn,
ReplyDeleteYou are exactly right ... he said the same thing in a newsletter several years ago.
Robert
his other advice is featured on Yahoo today... unconditional love :
ReplyDeleteWarren Buffett advice