If you're not going to learn how to do this stuff properly, then your best bet is to buy the s n p 500 index and just keep buying it. Just sit on it, and you'll have ball park a nine % return, not 13%. A nine % return will double your money every eight years. So in a 30 year period, you've got three and a half doubles, basically. Your hundred thousand became 204, hundred, 800 and a little over a million. Men, the dfference is just insane. It is so insane, i just am staggered that more people don't understand this, right? Insane. But if you are not too stupid or too
Warren Buffett and Charlie Munger’s annual Berkshire Hathaway Shareholder meeting took place on April 30th and covered a wide range of topics, including inflation.
While there was no massive new idea presented at the meeting, it served as a fantastic reminder of the great financial advice Buffett and Munger have been talking about for years.
This week, Phil and Danielle continue their conversation from last week recapping their takeaways and learnings from the meeting, and explaining how you can use those takeaways in order to succeed with your investments.
Learn more about how to successfully and safely invest your money, even in times of inflation, using Phil’s Four Ms for Successful Investing Guide. Download your copy here: https://bit.ly/3sdzw1V
Topics discussed in this podcast:
- Annual Berkshire Hathaway Shareholder meeting
- Market timing
- Bonds vs the S&P 500
- Inflation
- American Express
Resources discussed in this podcast:
For show notes and more information visit www.investedpodcast.com
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