Investment Advice From Warren Buffet
Here's some investment advice from Warren Buffet ... the Oracle From Omaha ... the investor genius behind Berkshire Hathaway ... one of the world's richest persons ... the guy who doesn't think it is fair that his secretary pays higher taxes than he does. You know who I mean.
Anyway, Buffet is noted mostly as an investment guru who usually buys enough stock in a company to own it, or at least sit on their Board of Directors.
Buffet admits he likes buying stocks, but right now he likes buying houses even better than stocks.
In an interview today on CNBC, Buffet points out that houses are depressed in many markets by as much as 35 to 50 percent from where they were a few years ago, and that they can be purchased with just 20 percent down (if you qualify for a mortgage, and certainly Buffet qualifies). Also, houses are not subject to margin calls ... all you have to do is keep the payments timely.
Hmmm ... some of you may remember a monthly real estate newsletter that I used to publish called "Word From Ward". I stopped writing it when blogging became a better way to communicate with people than snail mail. Well, if you remember that newsletter you might also remember several stories I wrote that essentially said the same thing as Mr. Buffet -- that is, you are probably better off to invest in real estate than in common stock -- including the possible margin call problem.
Hey! I wonder if Buffet got this investment idea from me! I'll have to check my old mailing list to see if he was on it.
Anyway, Buffet is noted mostly as an investment guru who usually buys enough stock in a company to own it, or at least sit on their Board of Directors.
Buffet admits he likes buying stocks, but right now he likes buying houses even better than stocks.
In an interview today on CNBC, Buffet points out that houses are depressed in many markets by as much as 35 to 50 percent from where they were a few years ago, and that they can be purchased with just 20 percent down (if you qualify for a mortgage, and certainly Buffet qualifies). Also, houses are not subject to margin calls ... all you have to do is keep the payments timely.
Hmmm ... some of you may remember a monthly real estate newsletter that I used to publish called "Word From Ward". I stopped writing it when blogging became a better way to communicate with people than snail mail. Well, if you remember that newsletter you might also remember several stories I wrote that essentially said the same thing as Mr. Buffet -- that is, you are probably better off to invest in real estate than in common stock -- including the possible margin call problem.
Hey! I wonder if Buffet got this investment idea from me! I'll have to check my old mailing list to see if he was on it.
-30-
posted by Terry Ward at 12:04 PM
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