Warren Buffett doesn't worry about how his investments perform year-to-year. You shouldn't either. (via CNBCMakeIt)
. When deciding if he should put money into a company, longevity has always been a major consideration.Buffett said during the Berkshire Hathaway 2017 Annual Shareholders Meeting
. "It would tend to be a business that for one reason or another we can look out five or 10 or 20 years, and decide that the competitive advantage that it had at the present would last over that period.""I'm not buying them because I think they're going to go up the next day or the next week," he told Quick in February. "We watch the prices of things we do more than current events.
When the market tanks, don't panic and sell. Stay the course and trust your original plan. If you start saving for the future in your twenties, you have 40 years for your portfolio to recover from any rises and dips it faces. "The money is made in investments by investing and by owning good companies for long periods of time," BuffettThe Oracle of Omaha also recommends index funds, such as the S&P 500, which you can think of as buckets that hold numerous stocks at once. Because of that, the stocks balance each other out so the index isn't tied to the success of any one company.. "The trick is to essentially buy all the big companies through the S&P 500 and to do it consistently.
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