Warren Buffett is the world’s best investor. Depending on the performance of the Stock Market today, he’s the richest person in the United States and one of the richest people in the world with a net worth of $55 billion. Buffett’s wealth was earned investing in the Stock Market. He has a simple investment strategy that he shares with everyone: buy good stocks and hold them forever. Sure, Buffett has made some investing mistakes, but he always learns from his errors. Buffett is donating his billions to charity. In an era where narcissistic clowns like Anthony Weiner garner undeserved attention, Warren Buffett goes about his business with joy and humor. He loves what’s he’s doing. And that makes all the difference. You can check out Warren Buffett’s current six best stocks to own here. GRADE: A
The only problem with this approach to gathering wealth is that it takes it to make it. The amount of stock the average Joe can afford won’t gain enough in value to make an appreciable difference in that person’s overall financial picture, unless bought at age 20 and held until age 60. Sure, I could buy 20 shares of something, but what would be my net gain after five years? At my age, I’m better off buying things with that money that I can enjoy and that enhance my quality of life.
Rick, you’re right about starting early. I’ve been investing for over 30 years. I started small, but the results have been impressive. I’m not in Buffett’s class, but most of my stocks have done very well. And the dividend checks just keep coming!