Reported 1 day ago
Warren Buffett advises investors to avoid frequent trading, emphasizing the importance of owning a diversified portfolio reflective of the U.S. economy, such as an S&P 500 index fund. He argues that many investors make the mistake of trading too often due to the market's low transaction costs, which obscures the fact that long-term investing is more beneficial. Buffett also highlights the value of productive assets like farmland and rental properties, which generate ongoing income, exemplifying his philosophy with his own investments.
Source: YAHOO