YarboroughLarock229
I am a big fan of Warren Buffett- although not always. It sometimes appears like his investment tips are from touch and merely when I want to think of him being an old bag who isn't investing using the times - he pulls out a one two punch and shows everyone the right way to build wealth.
Besides, he has an annual shareholder are convinced that makes me laugh every time, company, I am a shareholder. But it doesn't matter for those who have invested in Berkshire Hathaway or not, here are some of the best investing tips that are a part of my do it yourself operating plan program:
1. Understand what you own. Some people take this too literally. Mr. Buffett didn't have a clue about technology until he met Mr. Gates and now he's a large tech fan. Word to the wise- whenever you have no idea, partner with somebody that does.
2. Don't buy when everyone else is buying. So difficult to do but very rewarding when done.
3. Buy when everyone else is selling. This crash was the latest big chance to buy more. Have you?
4. Buy value. He doesn't ever buy on the hunch that the clients are likely to grow. He buys stock in firms that already have lots of value but aren't priced high to reflect that value.
5. Stay liquid. If you have all your chips in, you can't make anymore bets, and also you can't take advantage of opportunities because they show up. Keep cash available to invest.
6. Don't get swayed through the next "potential" Apple. Growth and fame does not necessarily mean profit.
7. Be a long-term player. While you may experience lower returns than the overall market, if you believe in your positions and place it out you'll find consistent positive returns over a longer period.
