Warren Buffet – Winner Tips! Anton Hanzenko.
Probably, there is no such trader or a person who, being interested in finances, has not heard of such a legendary personality as Warren Buffet. According to Forbes Warren Buffett has long been among the ten richest people in the world. He has a net worth of at $ 75.4 billion as of March 2017. This fact does not prevent Buffet from leading the list of the most generous philanthropist in the history of mankind.
Friends and colleagues call Warren Buffett the “Oracle of Omaha” or “Sage.” Buffett earned his nicknames solely because of the extensive fundamental analysis for which he is so famous. Despite his fortune, Warren Buffett shares his life position and invaluable advices that will be useful not only for investors-beginners, but also for experienced traders. Today, the Warren Buffett’ advices and will be discussed.
- Long-term investment is in priority
When buying shares Warren Buffett adheres to exclusively long-term investments. Arguing that it’s not worth looking at them every day, there’s not enough nerves. Drawing a parallel with the foreign exchange market, the recommendation can be rephrased – stick to the time frame in which you trade. If you receive a signal on a monthly timeframe and expect it to be worked out within a few days, then most likely you will not wait for the goal.
As the confirmation of it Warren Buffett tells the story from his youth. When Warren was 11 years old, he asked his father to buy him 3 shares of Cities Service Preferred – at $ 38 for 1 share. Over time, the shares rose and reached $ 40 per 1 share and Warren immediately sold them, making a small profit. However, even later, the shares reached $ 200 for 1 share and since then Warren Buffet has sworn off not rushing in decision-making.
2. Borrow money wisely
Buffett is always wary of borrowing, avoiding unnecessary loans. Installments, loans, mortgages – all this can lead to the fact that payments on the loan will exceed the profit. So on Forex do not forget about the margin.
3. Price and value are not the same thing.
Warren Buffett is an incredibly thrifty person, despite being a millionaire. Many will say that he is a miser, but can a miser be the most generous man in history? The economy of Warren Buffett is determined by the value of the goods. Price is what you pay, and value is what you get. And it doesn’t matter what it is about, essential goods or financial instruments. As Buffett says: “It’s better to buy an incredible company at a regular price than a regular company at an incredible price.” So with the assets, buy undervalued currencies and sell overvalued.
4. Invest
Investing is easier than it seems at first glance and you do not need big capital for this. By investing in different instruments for a long time in small parts, you will be in a better position than those who have invested everything at once. Also, do not forget about your goals and immediately spend a profit. On the topic of reinvestment Buffett gives an example from his youth. “Once a friend and I installed a gaming machine in a barbershop, and earned some money, but did not spend it, as other teenagers would have done, but invested it further into circulation. As a result, by the age of 26 I already had 1.4 million dollars! ”
5. Money is not everything!
Of course it is easy to say it if you are a Billionaire. According to Buffett, money gives a lot, but do not forget that there are many important things in the world besides money. “Personally for me, success is not the amount of money you earned, but rather how much you love what you do!”
Anton Hanzenko