Billionaire investor Warren Buffett says now is a good time to invest in stocks, despite the Dow Jones Industrial Average topping 9,000 for the first time since the beginning of the year.
Buffett, speaking in a live interview Friday on the CNBC television network, said he would much rather own stocks with the Dow at 9,000 than have a long position in U.S. Treasuries right now.
He said business is still flat, but investors shouldn’t wait until companies turn around before reinvesting in stocks.
“If you wait until you see the robin, spring will already be over,” the chairman of Berkshire Hathaway Inc. (NYSE:BRK-A) said.
Buffed issued a warning about inflation, saying the dollar would buy less 10 years from now than it does today. But he said the actions taken today to pull the economy out of recession are not wrong just because they may cause inflation.
Buffett was on the business cable network to promote his partnership in a new series of Web-based educational cartoons known as The Secret Millionaires Club. He said the idea behind the cartoons is to help entertain children and young people while delivering an educational message, such as warning about the dangers of credit-card debt.
Charlotte Business Journal
7/26/09
Subscribe to:
Post Comments (Atom)
Hi,
ReplyDeleteKnowing how to invest in stocks is the perfect way to protect yourself as well as your investment. In order to minimize the financial risk at the same time you increase your potential gain it is best to be an active participate in your portfolio. Know what the market is that you are investing in, which stocks and what types of factors have a direct effect on that particular market as well as the market in general this will help to reduce the risk of losing your investment. You do not need to be an expert in stock investing in order to be actively involved but you will probably need to spend some time in researching terms, trends, and how to spot things that will potentially bring about a greater return for you and your investment.