buffett is a great investor, but he is scumbag for telling other rich people to give more money to the IRS. what other people do with their personal property is NONE OF HIS BUSINESS. if buffett wants to pay more taxes, he is free to send extra money to the IRS, but he doesn’t because he is a fucking hypocrite.
@happyuk06 Warren Buffet never gave a dime away in his entire life, and at the end of it he gave all of his wealth to one man Bill Gates. Good causes? Why dont you RESEARCH before you open your mouth. Their charity spends most of its time killing babies in Africa, Buffet gave away his wealth to Gates charity in order to protect it from the inheritence tax of the US government. You are a kool aid drinker, this man is is a ridiculous cheap skate. He even buys his suits in China.
Don’t buy Mutual Funds buy ETF index funds. Put in sell orders so your hedged if the market dips. Then buy them back at the low point. Don’t get into day trading. Just manage your investments when there’s opportunity.
@happyuk06 On your 1st point: Knowing when the rebound will occur is impossible, and can only be intuitively or logically estimated. I recommend you look at the history of the NASDAQ and the underlying reasons for price increases to assert whether that trend is likely to continue at a rate greater than the most obvious opportunity cost.
On your 2nd point: You’re forgetting the opportunity cost of inflation, long-term investment consumption.
@ludwigchopin
You omit two important facts about index funds
1 When stock markets plummet during the intervening periods, as they inevitably do, then providing you drip-feeding a fixed amount every month/quarter, then you are effectively purchasing a spread of shares in top-notch companies at bargain bin prices.
2 Dividends earned on shares making up the index fund being re-invested – these can range between 2-4% per annum, pretty much the same as savings accounts these days.
@Score1ForTheRepublic
Spot on. What makes me laugh is when you see TV pundits panicing over stock market fluctuations and you realize they are talking about time scales not of decades but months or even weeks!
@ludwigchopin hey mate please could you elaborate? What’s wrong with mutual funds, this is pretty important because just 1 week ago I invested 80% of my savngs into one!! Oh shit, what do you suggest, actively managed mutual funds? What is better than an index fund ? Mutual funds? something else? Please help man, I need someone smart!
Warren Buffet looks like hes only a few inches away from the grave agewise.But then again the man has so much money he could probly pay to come back from the dead.
hey Buffett, why don’t you tell ppl the real key to wealth….laundering billions in mexican drug cartel money through your bank…then when you get caught, you pay a $140MM fine (an actual incident, look it up) after making billions….piece of trash. Drugs…its the American way. Only difference is that when these scum get caught, those bought off whores in congress give them a slap on the wrist but if the police catch you with ONE BAG of marijuana or coke, you’ll be in jail.
@cheeriosinabowl …As if you wrote something intelligent. u Intellectual Geek..Sorry mate ur already lost in your mind..before u tell me off..! I like this silly argument between continents. People who are CopyCats and people who are advised to play with their Toys..! ahhaah..How silly Geek.
Don’t agree with buying index funds. It floated around the same value for 30 years of the 20th century. That’s loosing money on savings after inflation. It took off during the capitalist measures of Reagan’s administration, deregulating banks, increasing volume traded. In 1965 it was at 969. In 1980 it was at 1000, in 2000 it was at 10,000.
I like his ideas of staying out of debt. In a stagnant housing market over the next 10 years, rent may not be an inflation protected form of income.
@MrDirtyUncle I don’t know why he said that, but what I can tell you is that it’s for your benefit. He isn’t against debt, he is against personal debt. Investing in banks can be a wise decision because they make money on debt.
@cheeriosinabowl I cant believe you copied these words just from Buffet from his interview..He says these words when asked about his house. It keeps me cool in summer and warm in winter…and also the flavour of your words are Mr Buffets.. I cant stand copy cats.
I think when it comes to real estate the best way to save is through saving on realtors commission when selling your property. If your buying why not try a new revolutionary system that helps you get a rebate of any property you buy!!!
…. it is a very comfortable shirt, which I bought a Sears many months ago. Cost about $30.00, it irons very well, and it can be worn casually or with a suit and tie. It also can be worn all year round, cool in summer and warm in winter. It has nice buttons too. Tx for asking.
After owning cars for 15 years and all the headaches it causes in repairs and breakdowns leasing changed my vision. Makes more sense to me to have lower payments and know that if the car breaks down within the lease term its under warranty. Guess its the piece of mind knowing your car is covered as when owning after the warranty period its all out of pocket and a chance id rather not take.
happyuk06
11 Jan 2012
@PrismaMD
And you better suggestion is?
tiehut
11 Jan 2012
buffett is a great investor, but he is scumbag for telling other rich people to give more money to the IRS. what other people do with their personal property is NONE OF HIS BUSINESS. if buffett wants to pay more taxes, he is free to send extra money to the IRS, but he doesn’t because he is a fucking hypocrite.
PrismaMD
11 Jan 2012
@happyuk06 Blindly buying shares of corporations every month is the worst strategy on record!
PrismaMD
11 Jan 2012
@happyuk06 Warren Buffet never gave a dime away in his entire life, and at the end of it he gave all of his wealth to one man Bill Gates. Good causes? Why dont you RESEARCH before you open your mouth. Their charity spends most of its time killing babies in Africa, Buffet gave away his wealth to Gates charity in order to protect it from the inheritence tax of the US government. You are a kool aid drinker, this man is is a ridiculous cheap skate. He even buys his suits in China.
gabartful
11 Jan 2012
Don’t buy Mutual Funds buy ETF index funds. Put in sell orders so your hedged if the market dips. Then buy them back at the low point. Don’t get into day trading. Just manage your investments when there’s opportunity.
ludwigchopin
11 Jan 2012
@happyuk06 On your 1st point: Knowing when the rebound will occur is impossible, and can only be intuitively or logically estimated. I recommend you look at the history of the NASDAQ and the underlying reasons for price increases to assert whether that trend is likely to continue at a rate greater than the most obvious opportunity cost.
On your 2nd point: You’re forgetting the opportunity cost of inflation, long-term investment consumption.
happyuk06
11 Jan 2012
@ludwigchopin
You omit two important facts about index funds
1 When stock markets plummet during the intervening periods, as they inevitably do, then providing you drip-feeding a fixed amount every month/quarter, then you are effectively purchasing a spread of shares in top-notch companies at bargain bin prices.
2 Dividends earned on shares making up the index fund being re-invested – these can range between 2-4% per annum, pretty much the same as savings accounts these days.
happyuk06
11 Jan 2012
@PrismaMD
Why is he a cheapskate? Because he’s not giving his money to you?
He’s leaving his entire fortune to good causes. Some cheapskate.
happyuk06
11 Jan 2012
@Score1ForTheRepublic
Spot on. What makes me laugh is when you see TV pundits panicing over stock market fluctuations and you realize they are talking about time scales not of decades but months or even weeks!
qwertypluss
11 Jan 2012
@ludwigchopin hey mate please could you elaborate? What’s wrong with mutual funds, this is pretty important because just 1 week ago I invested 80% of my savngs into one!! Oh shit, what do you suggest, actively managed mutual funds? What is better than an index fund ? Mutual funds? something else? Please help man, I need someone smart!
herickrulez
11 Jan 2012
@feseveri1911 what is your source?
raver0ller
11 Jan 2012
Warren Buffet looks like hes only a few inches away from the grave agewise.But then again the man has so much money he could probly pay to come back from the dead.
PrismaMD
11 Jan 2012
Buffet is a cheapskate.
feseveri1911
11 Jan 2012
hey Buffett, why don’t you tell ppl the real key to wealth….laundering billions in mexican drug cartel money through your bank…then when you get caught, you pay a $140MM fine (an actual incident, look it up) after making billions….piece of trash. Drugs…its the American way. Only difference is that when these scum get caught, those bought off whores in congress give them a slap on the wrist but if the police catch you with ONE BAG of marijuana or coke, you’ll be in jail.
onlysush11
11 Jan 2012
@cheeriosinabowl …As if you wrote something intelligent. u Intellectual Geek..Sorry mate ur already lost in your mind..before u tell me off..! I like this silly argument between continents. People who are CopyCats and people who are advised to play with their Toys..! ahhaah..How silly Geek.
MrDirtyUncle
11 Jan 2012
@Exodent Oh MY gosh are your serious! I did not know that. And I thought banks gave away money for free.
ludwigchopin
11 Jan 2012
Don’t agree with buying index funds. It floated around the same value for 30 years of the 20th century. That’s loosing money on savings after inflation. It took off during the capitalist measures of Reagan’s administration, deregulating banks, increasing volume traded. In 1965 it was at 969. In 1980 it was at 1000, in 2000 it was at 10,000.
I like his ideas of staying out of debt. In a stagnant housing market over the next 10 years, rent may not be an inflation protected form of income.
Exodent
11 Jan 2012
@MrDirtyUncle I don’t know why he said that, but what I can tell you is that it’s for your benefit. He isn’t against debt, he is against personal debt. Investing in banks can be a wise decision because they make money on debt.
MrDirtyUncle
11 Jan 2012
Mr. buffett if your against debt then why do you invest your money in banks? Because banks know how to scam people into debt!!!
cheeriosinabowl
11 Jan 2012
@onlysush11
… copycats? LOL
If you have nothing intelligent to write, go and play with your toys. Get lost!
onlysush11
11 Jan 2012
@cheeriosinabowl I cant believe you copied these words just from Buffet from his interview..He says these words when asked about his house. It keeps me cool in summer and warm in winter…and also the flavour of your words are Mr Buffets.. I cant stand copy cats.
s46d45m17
11 Jan 2012
My dad has never had a credit card the last loan he had was in 1965 he owes no one anything and he is very happy and debt free.
myestatedealdotcom
11 Jan 2012
I think when it comes to real estate the best way to save is through saving on realtors commission when selling your property. If your buying why not try a new revolutionary system that helps you get a rebate of any property you buy!!!
cheeriosinabowl
11 Jan 2012
@zurriagazo71
…. it is a very comfortable shirt, which I bought a Sears many months ago. Cost about $30.00, it irons very well, and it can be worn casually or with a suit and tie. It also can be worn all year round, cool in summer and warm in winter. It has nice buttons too. Tx for asking.
ariesmars1
11 Jan 2012
Are you looking for financial news and Forex Research & Tech. Analysis with informative videos for more details visit website tradernewsorg
geobeats
11 Jan 2012
@3zib good reason for leasing a car. Thanks for your perspective!
3zib
11 Jan 2012
After owning cars for 15 years and all the headaches it causes in repairs and breakdowns leasing changed my vision. Makes more sense to me to have lower payments and know that if the car breaks down within the lease term its under warranty. Guess its the piece of mind knowing your car is covered as when owning after the warranty period its all out of pocket and a chance id rather not take.
geobeats
11 Jan 2012
Have you had to make the decision between leasing vs. buying a car? Share with us in comments!