Warren Buffet Dropped These Investing Tips during COVID-19
How COVID-19 has affected everything in the world is common knowledge today. The pandemic has shut down the economies of many countries, and the stock markets aren’t excluded from the hits. Financial institutions have been making speculations as to how they will revive the economies. Significant indexes like Dow Jones and S&P 500 were bearish in March. Since then, the market hasn’t been the same.
In such a grim financial atmosphere, is investing still beneficial? According to Warren Buffet, it is if you follow these golden tips he’s given.
Bits of advice from Warren Buffet – Top Investor
Warren Buffet, the chairman of Berkshire Hathaway, enlightened his fellow investors via his annual interview with CNBC in February. The chairman interviewed via teleconferencing for the first time. Below are the top-notch pieces of advice he shared:
- Don’t fret over news headlines
A highly critical aspect of trading is fundamental analysis (news). The Oracle of Omaha said that with the global pandemic in place, you shouldn’t value day-to-day news. The market is unpredictable. It doesn’t always dance to the tune of current events. He said in the interview that the movement of the market can’t be determined by a headline.
- More Focus on Value
Warren said that nobody knows where the market is heading to. He advised that there should be less focus on share prices and more on the company’s total value, considering its past performance. This assessment, coupled with the potential of future growth, will get you a clearer picture of the market.
- Long Term Strategy
When you want to invest, don’t think like you’re in a grocery store to buy something. You have to consider the stocks you’re buying as a business, one from which you’re expecting profits in the next decade. When you decide to go long term, you don’t bother yourself with everyday analysis and won’t worry over a news headline.
- Go for an index fund
Buffet gave people the advice of investing in an index fund. He commented that people are much better purchasing a portion of America and forgetting about it. So, if you want to invest in a solid investment plan that yields good returns, you can try index funds.
Wrapping it up
Berkshire Hathaway’s chairman buttressed his advice. He also talked about not borrowing money for investment. With this COVID 19, anything can happen anytime. Following expert advice and not experimenting too much could prove beneficial.
More in Advisor
Demi Lovato Pours a Significant Amount to a Studio City Farmhouse Months After Her Engagement
Former Disney Channel child star Demi Lovato just got engaged to artist Max Ehrich and although a wedding date has yet...September 24, 2020
A Lawyer is Crucial to a Successful Business: Here’s How To Find the Right Attorney
The reason for hiring an accountant for the business is obvious – you basically want someone to deal with numbers. However,...September 23, 2020
Serena Williams Reveals Her Father’s Precious Financial Advice To Her
The more wealth you have, the more challenging it is to control it. Celebrities suffer the most from this fact, and...September 21, 2020
Financial Advantages That The Military Offers to The Men In Service & Their Families
Life in the military can be tough, even if you don’t actually go to the battle. Army training alone is pretty...September 17, 2020
Here’s How You Can Retire at 40 & Still Enjoy Your Life
Okay, be honest; after reading that headline, you thought this was a sham of some sort, right? Retiring at 40, who...September 13, 2020
Selling Your Business Can Be As Hard As Founding It
Separating from your partner breaks your heart, but believe us, leaving the business you built from scratch can have the same...September 8, 2020
Warren Buffett – Top Investing Tips From The Business Guru
On August 30th 2020, Warren Buffett, the Oracle of Omaha, turns 90. Every investor knows Warren. He’s the CEO and Chairman...September 2, 2020
Here’s Your Personal Guide to Making Nearly-Perfect Financial Decisions
Everyone makes dozens of financial decisions every day. From paying household utility bills to signing critical documents at work, in some...September 1, 2020
A Drink from the Fount of Investment Master, Warren Buffett
If you’re knee-deep in the world of investment and finances, you’d be well aware that Warren Buffett’s name is synonymous with...August 29, 2020