Investing Advice from Warren Buffet
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Archived from the IMDb Discussion Forums — Economics, Business, Money, Finance
MovieManCin2 — 7 years ago(December 18, 2018 09:17 PM)
He recently remarked that in this Bull Market, you should refer to a 19th century poem by Rudyard Kipling titled "If":
http://www.davidpbrown.co.uk/poetry/rudyard-kipling.html
Translation for dummies: don't panic.
MAGA! FAFO!
Schrodinger's Cat walks into a bar, and doesn't. Dumbocraps: evil people who celebrate murder. 
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MovieManCin2 — 7 years ago(December 18, 2018 10:06 PM)
Mr. Buffet
(one of the most successful investors of all time)
is trying to calm you down. He's telling you to not panic, but stick to your long range investment plan, if you have one. There's an old saying: Bulls make money, Bears make money, Pigs get slaughtered. This article will hopefully help you understand this:
https://www.fool.com/knowledge-center/bulls-make-money-bears-make-money-pigs-get-slaught.aspx
If you have a well balanced portfolio
(stock and bond funds),
you can survive minor storms such as now.
I'm guessing that you didn't know that it went up 82.66 points (+0.35%) today to finish
at 23,675.64.
I'm also guessing that you don't remember that it was at 19,123.58 on Nov 1, 2016, five days before the election. My high school math tells me that 23,675.64 - 19,123.58 = 4,552.06. So that means there has been a GAIN of 4,552.06 points since Trump was elected. Not too shabby.
Another point to consider: The Dems took back control of the House in November, and nobody really knows what they will do come January. This creates uncertainty. The Market HATES uncertainty.
Another thing you need to remember is markets go up, markets go down, but the long term trend has been UP for the last 100 years.
(I can vaguely remember when the DJIA was at 2,000.)
We're in a Bear Market. As sure as day follows night we will return to a Bull Market at some point.
A key to making money in the stock market is to do what everyone else is NOT doing.
If the market is going down, people are selling, so you want to BUY, or at least hold. If the market is going up, people are buying, so you want to SELL, or at least hold.
Hope this helps. If you have any other questions or concerns, please let me know.
MAGA! FAFO! Schrodinger's Cat walks into a bar, and doesn't. Dumbocraps: evil people who celebrate murder. -
MovieManCin2 — 7 years ago(December 20, 2018 04:09 AM)
Well first of all, it only went down 351 points today. You have to wait until after
4:00 pm EST to know where you stand.
Secondly I did not tell you to buy. I simply stated that when the markets go down,
it's
a good time to buy or hold.
You have to make the decision, because it's your money.
And if you bought at the low point of the day, you might have actually gotten a bargain.
Third, you should be investing
for the long term.
You don't invest on Wednesday, and then expect to make money the same day, or even several days, or weeks later. You have to be patient.
Think in terms of years, not days.
When the market goes back up, you will probably make a profit. And it
will go up again,
we just don't know when.
If you could give me some more information, I would be able to help you better. How old are you? Are you in stocks, bonds, or both, or Mutual Funds? And which ones are you in?
And as it says on the cover of one of my favorite books, DON'T PANIC.
MAGA! FAFO! Schrodinger's Cat walks into a bar, and doesn't. Dumbocraps: evil people who celebrate murder. -
MovieManCin2 — 7 years ago(December 20, 2018 04:19 AM)
Yeah, I don't agree with his Politics, but I do listen to him when he talks about something he actually KNOWS about, like investing.
MAGA! FAFO! Schrodinger's Cat walks into a bar, and doesn't. Dumbocraps: evil people who celebrate murder.