Warren Buffett is Buying

Part of our investment approach includes the idea that the most successful investors are those who can fight their emotions and buy when others are irrationally selling and sell when others are irrationally buying. I have often cited many historical examples. Here is an example in real-time. If you haven’t read Warren Buffett’s op-ed  in the New York Times about why he is buying U.S. Stocks today for his personal account, it is quite informative and a very short read.

SOURCE:

Buffett, Warren E. “Buy American. I Am..” The New York Times 17 Oct 2008. 20 Oct 2008 <http://www.nytimes.com/2008/10/17/opinion/17buffett.html>.

Snider Advisors makes no representation that the information and opinions expressed are accurate, complete or current. The opinions expressed should not be construed as financial, legal, tax, or other advice and are provided for informational purposes only. Call 888-6SNIDER to request the Snider Investment Method® Owner's Manual, which includes a description of the Snider Investment Method, investment objectives, risks, suitability and other information. Please read and consider carefully before investing. All investments, including the Snider Investment Method® are subject to risk, including possible loss of principal.

Keep your money in the market

"But just because stock markets have panicked, investors should not. The best position for investors today is not "fetal and 100% in cash." We are not going to have a depression, and we have survived financial crises before. A century of investing experience, as well as insights from the field of behavioral finance, suggest that investors who bail out of equities during times like these are almost always making the wrong decision."

Source: Malkiel, B. G. (2008). Keep Your Money in the Market. Wall Street Journal. Retrieved from http://online.wsj.com/article/SB122385741803727333.html.

Snider Advisors makes no representation that the information and opinions expressed are accurate, complete or current. The opinions expressed should not be construed as financial, legal, tax, or other advice and are provided for informational purposes only. Call 888-6SNIDER to request the Snider Investment Method® Owner's Manual, which includes a description of the Snider Investment Method, investment objectives, risks, suitability and other information. Please read and consider carefully before investing. All investments, including the Snider Investment Method® are subject to risk, including possible loss of principal.