Listen closely as the master recommends "low cost index funds."
Thoughts and observations for those investing on their own or contemplating doing it themselves.
If you are seeking investment help, look at the video here on my services. If you are seeking a different approach to managing your assets, you have landed at the right spot. I am a fee-only advisor registered in the State of Maryland, charge less than half the going rate for investment management, and seek to teach individuals how to manage their own assets using low-cost indexed exchange traded funds. Please call or email me if interested in further details. My website is at http://www.rwinvestmentstrategies.com. If you are new to investing, take a look at the "DIY Investor Newbie" posts here by typing "newbie" in the search box above to the left. These take you through the basics of what you need to know in getting started on doing your own investing.
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!
Posted by Robert Wasilewski at 5:45 PM
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It is amazing after all of the evidence in favor of indexing that more individuals do not embrace this approach. I enjoy your blog.
Thanks 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.
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,ReplyDelete
You are exactly right ... he said the same thing in a newsletter several years ago.
his other advice is featured on Yahoo today... unconditional love :ReplyDelete
Warren Buffett advice