Capital Group CEO Timothy Armour says that a recent investment strategy touted by Warren Buffet is just plain wrong. The billionaire recently made a challenge that could cost him 7 figure if he’s proven wrong. According to Buffet, he can make a simple investment into an S&P 500 Fund and make better gains than a group of hedge fund managers.
Buffet bases his opinion on several valid factors. Timothy Armour’s been in the game for several decades and knows the ins, outs and key components of investing. According to Buffet, mutual funds should be avoided like the plague. Low cost, simple investments provide the most profitability in the long term and resume him.
Buffet also warns that consumers should be wary of the active vs. passive debates. One of the best things an investor can do during the bad times is do better than the average individual. This is essential to growing your nest egg and learn more about Timothy.
As Buffet puts it: there is no real crystal ball to show an investor what or how to invest. He insists that there is noting random about getting long term gains. The bottom line is — slow and steady without paying for high-cost funding is always the best way to go and more information click here.
Other Reference: https://www.linkedin.com/pub/dir/Tim/Armour