Berkshire Hathaway Annual report: http://www.berkshirehathaway.com/letters/2013ltr.pdf
Warren Buffett's favorite book -The Intelligent Investor by Benjamin Graham on Amazon: http://amzn.to/2AlojQc
Tony Robbins Money Master the Game on Amazon: http://amzn.to/2zyz84n
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Warren Buffett - One of the most successful investor of all times with an estimated net worth of over 80 billion dollars to this date has shared his methods for investing. Having bought his first stock at 11 years of age and having $53,000 dollars to his name at 17, he sure knows a thing or two about this market. And even though he spent a lifetime developing his skills, he’s has shared some very straightforward advice about investing that anyone can take advantage of.
Warren Buffett’s first rule is to simply think long term over short term. He might be going overboard with this concept and he is truly embracing it around his entire life. He still lives in the same house he bought in 1958 and is also working at the very same desk since 50 years back and doesn’t use a computer but traditional pen and paper.
He’s been quoted saying he doesn’t throw anything away until he’s had it for at least 20-25 years. So thinking long term is natural for him and the ability to resist selling has proved to be very successful for him.
So having that said the reason why he’s holding on to what he buys is because he does his homework and does so very well. He’s stated many times that he spends 80 % of his day reading and catching up with the latest news and what companies to invest in. He thinks about life and investing as learning as much as he can and reads between 600-1,000 pages every single day.
However not many people have the time or money to read for 8 hours a day and invest a few billions in the biggest companies like Warren Buffet, and it’s not a strategy that anyone can apply and find success with. And I wanted to make a video explaining how absolutely anyone can invest and become rich without taking time to read and grasp what to invest in which is why I’m super excited to share this with you. So when reading the Berkshire Hathaway Annual report of 2013, one of the most interesting paragraphs I found was on page 20 where he gave a very simple and straightforward advice about investing.
He says “My money is where my mouth is: What I advise here is essentially identical to certain instructions I’ve laid out in my will.
So in his will he’s demanded that future of his family's money money should be invested such as this:
Put 10% of the cash in short-term government bonds and 90% in a very low-cost S&P 500 index fund.”
And he finishes it off by stating
“I believe the trust’s long-term results from this policy will be superior to those attained by most investors”
I told you it was straight forward. Don’t try to outplay the market but instead play with it. No man or machine can predict the ups and downs of the market, well except for Warren Buffett, so it would be foolish to try to beat it when you can simply join it.
The very same formula was also mentioned in Tony Robbins book money master the game and index funds really seems to be the future of investments because the market will always rise in long term, and that’s essentially what you invest in - the market. The S&P 500 contains all the 500 largest companies that trade on NYSE and Nasdaq. Instead of picking stocks individually, you can now own a piece of all of the biggest companies such as Apple, Microsoft and Google.
And investing in an index fund is very secure since a single company might go bankrupt, however the market will not. And you don’t have to stick to only the U.S market but could invest in the european and asian markets that’s also doing very well and you can even invest in global index funds to own a part of the biggest companies in the world.
And for the other 10 %, the short-term government bonds is a very low risk low cost alternative that is also offered by vanguard amongst others. Short-term bonds are very attractive to investors because of they’re very stable and consistently rising, however the return tends to be smaller.
And I’ll finish it off through Warren Buffett’s words:
“The goal of the non-professional should not be to pick winners but should rather be to own a cross-section of businesses that in aggregate are bound to do well.”
Life of Riley by Kevin MacLeod is licensed under a Creative Commons Attribution license (https://creativecommons.org/licenses/by/4.0/)
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I’m 17 and I want to start investing in penny stocks just to get a little bit of money here and there.
But I go to get the Robinhood app and it says I have to be 18 and wants my social security number and stuff and if I start investing in small companies like $50-$100 at a time. From the videos I have see I will have to do something with taxes and shit. I’m 17 I don’t know anything about taxes. Should I just wait until I’m 18 or should I start now?
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This is all based on market activity since the early 1900s. The market and the economy has completely evolved and changed dramatically since that time period. It’s an assumption the s&p will rise eventually since you’re basing this on history. What if the US cannot repay debt and we see economic collapse? What if the dollar collapses like in other countries and your fiat currency is only worth the paper it’s printed on?
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His strategy does not work for the avarage retail investor. First of all lets start by saying that to make alot of money in the stock market you need alot of money . Yes there are people out there that turned 10k into 100k or even more but those are rare specially now days with technology and competing with the pros. In his strategy he flyes out and meet managment and is able to influence the company in a positive way with so much money making him automatically a winner on the pick. However the avarage person that just study the financial, ratios, trends, and much more is not possible to go and dig deeper into a company unless you have money and time to go and do it. Now lets say you pick a winner and you invest $1000 and get around 18% a year on your money. Thats not alot and it will take forever and ever to become rich and thats assuming that you did make 18% on your money every year or at least comparable .
I see Warren Buffett’s Brazilian pals at 3G Capital and Canadian pals at Restaurant Brands International are still sponsoring Full Frontal with Samantha Bee. Someone should write the new president of Popeyes, Alexandre de Jesus Santoro, and ask him to discontinue advertising with this “feckless “Canadian.
He is a money shuffler. Nothing more. A good one but non the less a shuffler. In other words he piggy backs on others efforts. He gets wealthy. Then buys more companies to add to his own wealth and shareholder wealth. What is he doing? Nothing. You can't buy like him so why use him as an example? When you get a deal like him its not that hard. Could you make money if you bought something that was worth 2.00 for .25 cents? You'd be pretty incompetent if you couldn't. An ape could do that by pushing a button. The financial industry serves itself and a few ultra rich. He is part of the problem. Not a solution. If you try to be like him you will most likely fail. Invest in yourself. Your knowledge base. Your skills. Reject debt and work hard. Stay away from CFP's, banks and scams. Don't live with the notion that once you hit financial independence you will be happy. That is the worst mistake you can make. Help others and solve problems that benefit humanity. The money will follow.
#1 reason the poor/middle class is stagnant... IT TAKES MONEY TO MAKE MONEY! You can't save money working for companies that pays wages from 20 years ago while you live in modern times! Simple as that!
Earning money doesn't mean you have to change your way of living , you should do what your heart wants . Fancy and expensive stuff doesn't give you entire happiness. .live a comfy life how you want to live and just play the game like Warren buffet.
nirmal pandey and that’s why poor people struggle , if they had the money it can give you everything, better food better houses cars clothes entertainment and the biggest of them all (Opportunity ) love happiness all comes within the proses , if you believe some one smacks a million in your bank and you all the sudden say I found love happiness etc you are a liar , money creates opportunity it does not neglect it. It’s the person who gets the money chooses to let the money neglect them or others. If living Normal satisfies you then you sir continue
Buffett's not exaggerating when he advises investors to read 500+ pages a day. To really understand a single company, annual reports + quarterly reports + earnings releases + earnings call transcripts + investor presentations + proxy statement + research reports could easily exceed 500 pages.
Be born in 1992 and tell me that again with a straight face. ALSO, Not everyone can get rich, my god. It’s literally a zero sum game. Being rich just means you’ve managed to siphon money from other people.
It's amazing that in this day and age, people still hate the rich. They're rich and "you're not". Why aren't you rich? Could it be that you don't read 1,000 pages a day? Could it be that you spend your money frivolously? Could it be you have no passion? I mean, shit! I could go on and on....
Stop hating, get off your ass and start learning. If wealth is what you want to have, then go get it and stop whining about Warren Buffets $2 breakfast from McDonald's.
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Boss.. Just tell me one thing.. Can I track where Mr. Buffet is investing everyday. If so ill just go with him and do the same as he does. Might not be a big amount but, at least a small amount. That will make sense I guess.
The S&P 500 is a good way to make money over a longtime but what about if after you have 1 million dollar in one of those ETF the Economic crashes and then the ETF closes down causing a real lost of your money. I mean everybody can't be making money that easy maybe the ETF will be just another way of transferring wealth from the middle class to the rich
"...however the market will not."
Umm.. that is what they said I'm sure from the Greek city-states of ancient Greece to the EU as the US housing market was crashing. Having no historical knowledge ok economics, or understanding the short and long term effects of Keynesian economics will set somebody up for failure. Buffet was lucky, he could ride the stock market his whole life. In my generation, it will be drastically different.
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