Doubtful Over Investment Strategies During The Pandemic? Here’s Some Help
The global pandemic has caused investors to worry about putting money in the stock market. People have started contemplating which stocks to trust and which not. In such a setting, even the tried-and-tested strategies of experts are being put to the test. As such, it’s only natural to wonder how you can maintain your investment portfolio.
But what if we told you that we have help from the Oracle of Omaha himself? Yup, you guessed it right! We’ve rounded up some powerful tips from Warren Buffet to help you rise up to the challenge of the present stock markets. These words of wisdom have been coined by the $85 billion worth Buffet himself, so you better not miss them if you need to stabilize your funds.
Without further ado, let’s begin.
It’s not what you think
Recently, Warren Buffet was invited to several interviews where he was asked what investors should do in response to situations like the Coronavirus pandemic. The billionaire’s take was that it wasn’t a good idea to invest in stocks based on news headlines.
He revealed that the advice he’d shared with Berkshire Hathaway 30 years back holds relevant even today when the novel Coronavirus is causing concerns worldwide.
He said that such periodic spurts are likely to happen always. After all, you can’t foresee when an epidemic will occur! He said that instead of anticipating diseases no-one can predict, people should focus on the two super-infectious conditions each one of us deals with every single day – fear and greed.
He said that from an investment point of view, periods like the current global scenario are ideal. He said that every diligent investor’s goal should be to be greedy when others are fearful and to be fearful when others are greedy.
Which path should you choose?
There are no second thoughts that today most investors are worried. The CBOE volatility index or fear index has been high for a couple of weeks. And when VIX rises, it’s a clear indication that most investors are scared.
Now, if you think the Oracle of Omaha was right in 1987 then, the time has come to become desirous. But what does that mean? It means that when investors are frightened in times like today, it’s quite opportunistic to buy the right stocks because right now you can get stocks of highly dependable and profitable companies at very low rates.
Summarizing Buffet’s golden words
Probably the best thing Warren Buffet has ever said is that no one has ever had, or will ever have, an idea of whether the market will rise, fall, or stay stagnant in the future. So, it’s not fair to “assume” a stock will rise or fall. Neither has Buffet ever known this, nor can you. All that we can know is the current value of the stocks. So buy them while they’re priced more impressively than a while before
More in Investments
Here’s What the Second Stimulus Bill Means For Your Retirement Savings
At the turn of the year 2020, as part of the Consolidated Appropriations Act, Congress passed a successive COVID-19 relief bill,...January 28, 2021
Want to Find Your Career Path? Here Are a Few Tips You Can’t Miss
Choosing the right career path is critical to attaining long-term success. That’s why experts suggest that this is among the most...January 23, 2021
Tesla Stock Joins the S&P500 – Glad Tidings for Investors
For the average Joe, buying a Tesla might be a huge no-no, but, in many ways, buying a piece of the...January 22, 2021
EU, China signs Comprehensive Agreement on Investment
After 7 long years of negotiation, on the 30th of December 2020, the EU and China reached an agreement on investment...January 20, 2021
Tips and Apps to Get Your Investment Expedition Started
According to Gallup Poll, as blue, only 55% of Americans invest in the stock market as it sounds. This includes all...January 20, 2021
Business Property Relief and Inheritance Tax for Newbies
Business Property Relief (BPR) has come a long way since its inception. Then, its primary goal was to guarantee that family-owned...January 20, 2021
Alternative Investment Avenues Worth Considering
In today’s economic climate, where stock markets remain at an all-time high, and interest rates remain at an all-time low, investors...January 19, 2021
A Look at the Adverse Impact of The Pandemic on Germany’s Economy
Calling 2020 a year of disappointments would be an understatement. Keeping the humungous number of deaths across the world aside, it...January 19, 2021
Looking For Ways to Improve Your Finances? Check Out These Awesome Money Moves
We all want to expand our current bank balance, don’t we? As we grow older and progress in life, our needs...January 15, 2021