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Is that What He Said
#1
Read an article where the writer quotes Warren Buffett, but did he really say to buy an Index Fund?

Quote:The Oracle of Omaha warns investors against an incredibly common mistake: You shouldn’t try to time the market. He says it’s a mistake to predict or listen to others who predict the short-term movement of stocks. By the same token, he says you shouldn’t try to flip stocks like high-frequency traders do.
Instead, Buffett says the best thing the average investor can do is buy an index fund over time. That’s it. From USA Today:
“You don’t need to look at the prices of the stocks you own from week-to-week, or month-to-month, or even year-to-year,” says Buffett. “If you own a cross-section of American businesses, and you don’t get excited (and buy) just at the very top, and if you buy in over time, you are going to do well.”

I don't think so, index funds don't beat the market or generally provide any Income. I'm sure he'd prefer the DG strategy we talk about here.
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Messages In This Thread
Is that What He Said - by cannew - 10-30-2013, 09:05 AM
RE: Is that What He Said - by EricL - 10-30-2013, 09:44 AM
RE: Is that What He Said - by hendi_alex - 10-30-2013, 05:48 PM
RE: Is that What He Said - by Kerim - 10-30-2013, 10:03 PM
RE: Is that What He Said - by Markrichard - 11-28-2013, 12:35 AM
RE: Is that What He Said - by Dividend Mantra - 12-06-2013, 07:54 PM



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