Warren Buffet Advice For 2024

When it comes to money I became a student of Warren Buffet, and I read all the books that he recommended, from the intellegent investor to Security analalyt and beyong. But my favorite thing about Warren is is timeless advice in the world of Finace.

You see the same advice he gives in 2024 or 2030 is going to be the same advice his been giving since 1990s, go back and watch those shareholder meeting and read the letters, it’s the same questions and the sames answers just with different variations.

So as I give you this advice, remember its not about a year, its for a lifetime.

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97% of people should Invest into a Low cost Index Fund

I hated the idea of belonging to this group.

Because I wanted to be like warren buffet and pick stocks, its just more sexy

Until I started doing it, I realized that to do it well its almost a full time Job and you have to love it ( Financial Statement, Discount Free cashflow calculation and over 4 hours of daily reading )

Low Cost Index Fund:

Today I invest into the s&p 500 index fund, and that’s where 100% of my stock money is at

Its low Cost

And low risk as long I stick to it long term ( I only lose if America, thus the entire planet loses and at that point who cares )

Tip: Annual Return over 10 years: 12.21%

Expense Ratio: .03%

Don’t try to Time the Market (instead Dollar Cost Average )

I remember 2020 and the market was down

And I invest a load of money and bought a bunch of Delta Stock

And I remember Warren buffet saying you cant time the market ( but you can identify opportunities based on price )

Results:

I made over 128% of that one trade

But I knew I got lucky and I knew that couldn’t be a strategy

And remember someone close to me saying they time the market all the time which fake news

Dollar cost average:

It just means investing regulary into your choosing investment

To buy an avaerge price over a long period of time

Which means you don’t have to think as much about market ups and downs

Tip: chose a percentage of salary to invest, and invest it every time you get paid, or once a month at least

Debt is a Dangerous

He ones wrote an article, saying using leverage is like going down a hill with a car, with knife taped to the steering wheel without a seat belt

Imaigine that picture

The point Is, debt maximizes your returns but it also does the same thing to your losses

Many people don’t know this or don’t think of it this way:

But Warren made his first 1M after investing for 11 years really, and his first billion after 37 years

Which doesn’t sound like a lot of time

But if you think about him reading for 8 hours a day, 5 times a week, that’s 71 thousands hours of research and reading cumulatively ( it takes time )

Be Simple and invest only in what you understand

Yes he has a private Jet

But the man lives in the same neighborhood, same house, same building and eats the same thing for years

He realized a long time ago

Money is a tool and the important things in life more than often aren’t monetary

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*Some of the links and other products that appear on this video are from companies in which Tommy Bryson will earn an affiliate commission or referral bonus. Tommy Bryson is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. I’m an Accountant but I’m not your Accountant, always review information with your Accountant/CPA and your Financial Advisor.

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