Warren Buffett: This Is The Right Time To Buy US Stocks

Billionaire Warren Buffett said recently that this is now the right time to buy US stocks, many people believe that Buffett’s prediction is completely insane with the economic mess that we are in, with unemployment surging, credit markets frozen and banks collapsing, but when the predictions come from Warren Buffett the world’s richest man we all start to listen.

Buffett back in 1974 made his first prediction in a crumbling market where inflation rose to 12.3 percent and the GDP growth tumbled 0.5 percent, Buffett made it clear that this was a great time to buy shares and get rich and that exactly what he did, he brought shares in the advertising agency Interpublic and The Washington Post, a shrewd move for Warren Buffet as markets skyrocketing in 1975 32 percent and another 19 percent in 1976, with the Dow Jones seeing a record 38 percent gain in 1975.

Warren Buffett is not bothered by short-term fears, he values stocks and looks at them as a long term investment, and the billionaire investor says stocks are cheap right but if you are looking for short term investor then it is not the best time to gamble.

Source: Fool.com

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