Article written by Mark Harrisian of Online Investment Guide.
There’s no doubt that the last few years has seen torrential times when it comes to investing as many people have not only lost a lot of money but have also lost their confidence in being able to make the right investment choices as well.
So, in order to counter the doom and gloom that affects people these days, here are a few tips from the Warren Buffet, who is considered to be an investing genius:
#1: Be frugal
Frugality is a lifestyle choice, when you come to think of it, and it has been something that Buffet has been come to be famous for. He still lives in the same home and drives his own vehicle, and that says for a lot because obviously he has more to invest.
#2: The ‘fat pitch’ is what you have to wait for
Buying or selling stock has never been the right thing to do as this will only result in losses regularly. Instead, you should wait for the fat pitch patiently which more often than not comes due to market turbulence.
#3: Go against the crowd
One of the Buffet’s favorite principles is to go against the crowd when it comes to making money as their analysis is always a reflection of their understanding of the market prices. Often, when there is negative public opinion, it is the best time to buy stock. Conversely, it is better for you to desist from buying when investors are careful.