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1 Kommentar:
Famed investor Warren Buffett says it’s time to go shopping.
Warren Buffett says buy but is it good advice for everyone?
Warren Buffett says buy but is it good advice for everyone?
In an editorial in Friday’s New York Times, Buffett says, “…fears regarding the long-term prosperity of the nation’s many sound companies makes no sense.”
The Oracle of Omaha, as he is known, went to great pains to insist he is not calling the bottom for U.S. stocks. “I haven’t the faintest idea whether stocks will be higher or lower a month — or a year — from now.”
But he clearly feels the environment of fear has created great opportunities. “A simple rule dictates my buying: Be fearful when people are greedy and be greedy when people are fearful.”
Easier said than done!
This week alone, the Dow Jones Industrial Average rose 933 points Monday. On Tuesday, the market ended down 76 points Tuesday, after swinging 700 points intraday. On Wednesday blue chips tumbled 733 points. On Thursday, the Dow fell 400 before turning around and ultimately rallying over 400.
These moves used to happen once every couple of decades. Now they are every day occurrences. The volatility has unnerved even the most seasoned investors.
Should you follow Buffett’s advice and jump in?
Experts say that depends on two things; your age and your current exposure to stocks. If you are young, Lakshman Achuthan of Economic Cycle Research Institute says Buffett’s advice is sound.
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