Warren Buffet, as the world knows, is one of the most successful investors and stock market expert. He believes that people these days are not emphasizing on savings and retirement fund as much as they should. Warren Buffet in an interview with CNBC also said that people should see where they are investing their money and whether they are getting the kind of returns they expected.
He stated that he would wager $1 million on the bet that he can make more money by investing in the S&P 500 passive index fund, rather than invest on the multitude of hedge funds out there. Warren Buffet said that investing in the hedge fund is lucrative for sure, but it has become much more expensive today than it was previously. However, the best way forward for wealth generation is to diversify the investments and not hatch all your eggs in one basket.
Tim Armour, CEO, and Chairman of Capital Group, one of the largest asset management and financial services providers in the United States, completely backs what Warren Buffet have to say about the investments and the S&P 500 passive index fund. Tim Armour helped Capital Group to collaborate with the South Korean asset management giant Samsung Asset Management to help with devising retirement planning financial tools. Tim Armour has over 38 years of experience in the financial sector and has done his studies from Middlebury College graduating in Economics.
Timothy Armour says that after the Trump became the U.S. President, even though there is political unrest in the country, the economic situation is getting better and the employment rate is increasing drastically.
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