In today's New York Times Op-Ed page, Warren Buffett has confessed that he is buying U.S. stocks for his personal account. Again, this is his personal account, not the Berkshire Hathaway portfolio, so he's not getting great deals on preferred shares that pay onerous interest rates. As usual Buffett encourages to take a long-term approach to investing and not be scared by short-term fluctuations. Warning: Buffett is a value investor. He is often early, remember he told people to buy equities back in 1979, three years before the last massive bull market began. Being early can be painful, so don't follow this advice and expect that the bottom is in. Buffett doesn't call bottoms. He doesn't call tops. He just buys when he thinks he's getting a deal and sells when people start getting greedy. The economy is still functioning. The rapture is not on the horizon. Don't let yourself be scared out of stocks. Now is a great time to rebalance. Make a plan, revisit your asset allocation, and stay the course.
2 comments:
well it is nice time to buy
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