• Buffet Says Buy!

  Filed under Economy
  Feb 4

  The best advice I could ever give anyone on accumulating wealth is this: do what the wealthy are doing! Warren Buffet happens to be one of the richest men in this country. How did he get that way? Well, learning the answer to that question and copying his behavior could be worth a lot of money.

  But fortunately we don’t need to. Buffet is kind enough to tell us what he is doing with his money. And what is that? He is buying stock right now. But you may think investments are weak right now and not a good use of your money. Wrong.

  The market has always been a roller coaster. No matter how low it gets, it will always get back up again. So the question is this: if a $120,000 house was on sale for $30,000, would you buy it? If you could get a brand new Lexus for $5,000, would you buy it? If a grocery store advertised 75% off everything in the store, would you go?

  These are simple no brainers. Yet when the price of stock in a company goes from $100 per share to $10 per share, people run from it and call it a risk. Remember, Google shares used to be much less than Yahoo. So why is it that when most any other commodity is on sale for an outrageous amount, we feel the urge to buy, but when stocks tumble in value and are much cheaper, we don’t buy?

  Well, if that’s your philosophy, maybe that’s why you don’t have as much money as Warren Buffet, who is buying up stocks like crazy right now. So if you want the kind of money Warren Buffet has, maybe you should do the kind of things Warren Buffet does. And Buffet says buy!

  Tagged as: Economy, investments, stocks
  
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