With his net worth standing at 76 billion dollars, Warren Buffet is the second wealthiest man on the globe, beaten only by Bill Gates. This simply means that the man understands the world of entrepreneurship well, and knows how to make all the right investments and fetch billions from them. One of the recent wagers that he has made is a $1million wager that he can do better than most of the hedge fund managers by investing in an S&P 500 passive index fund. The wager will be decided this year and the good news is that it seems that he will win the wager.
Tim Armour concurs with the sentiments that were made by Warren. He also feels that these many hedge funds haven’t been achieving as much success as they should in their initiative. His exact words were that the funds were both mediocre and expensive, and the most discouraging thing about them is the manner in which they shortchange their investors. The idea that Warren Buffet has had about investing for the past many decades is building from the bottom upwards. He has always encouraged the companies to try their best and create a lasting investment portfolio based on what they earn. Tim Armour as the leader of Capital Group has also been recorded tons of time telling Americans that they need to make more savings for the sake of their retirement.
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Tim Armour also concurs with the view that customers need to be wary of the many product labels that are part of consumerism. The saddest thing about the people who invest in the funds is that they do not clearly understand the risks associated with the investments they are making. In a sample taken with 1200 investors on an online platform, only half of them were aware of the losses that they stood to make during market downturns.
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