$1 million was wagered by Warren Buffet in order to help charity to gain better investment returns than with a passive index fund. It is very likely that it will become a gain for Warren Buffet in the near future.
According to Warren Buffet, there are far too many expensive funds that basically rip off investors and investments should instead be bought and held for a long time. Buffet’s approach to investments-bottom-investing, to be exact, has proven to be an effective plan of action in the past.
Consumers need to be aware and even wary of product labels. Many mutual funds offer poor returns in the long-run because of excessive trading and high fees. Low cots are the ticket to get good returns.
Bull markets tend to turn but doing better than the crowd in difficult times is an important component for an investor to grow their nest egg. Index returns are not always the safest type of fund to go with, so consumers need to pick their type of fund very carefully.
Tim began working at Capital Group as a participant in The Associates Program. He has 34 years of experience at Capital Group in the investment business. He was previously an a successful equity investment analyst at Capital Group and he was in charge of covering global telecommunications.
Learn more about Timothy Armour at thecapitalgroup.com