Trust a Low-Cost Index Fund for Your Portfolio
For instance, Buffett urges the average investor to purchase index funds. “Put 10% of the cash in short-term government bonds and 90% in a very low-cost S&P 500 index fund,” he wrote in his 2013 letter to Berkshire Hathaway shareholders.
Buffett's choice to leave his fortune to his children, while staying true to his philanthropic values, reflects his approach to life, family, and legacy. For his kids, this isn't just about money—it's about carrying forward the values he's lived by: hard work, responsibility, and giving back.
Bill Gates and Warren Buffett have been friends for over 30 years. After hitting it off in their first meeting, they worked together on philanthropy for decades.
Top Warren Buffett Stocks
Bank of America (BAC), 766.3 million. Coca-Cola (KO), 400 million. Kraft Heinz (KHC), 325.6 million. Apple (AAPL), 300 million.
Junk Bonds
Junk bonds are high-yield corporate bonds issued by companies with lower credit ratings. Because of their higher risk of default, they offer higher interest rates, potentially providing returns over 10%. During economic growth periods, the risk of default decreases, making junk bonds particularly attractive.
2. Steer Clear of Consumer Debt. In a world where a single swipe of a card can get you seemingly anything you want, Buffett still prefers to use cash instead of a credit card as much as he can. Though he is the owner of an American Express card, obtained all the way back in 1964, Buffett makes a point of avoiding it.
1. Apple: $73.5 billion (24.8% of invested assets) Even though Buffett has overseen the sale of more than 615 million shares of Apple (AAPL -1.03%) between Oct. 1, 2023 and Sept. 30, 2024, the smartphone kingpin remains Berkshire Hathaway's largest holding by a significant amount in the new year.
Warren Buffett is buying stock again as Berkshire Hathaway snapped up shares of Occidental Petroleum, Sirius XM Holdings, and VeriSign in recent days, according to Form 4 filings with the Securities and Exchange Commission late Thursday.
NEW YORK (AP) — What a wonderful year 2024 has been for investors. U.S. stocks ripped higher and carried the S&P 500 to records as the economy kept growing and the Federal Reserve began cutting interest rates.
Buffett and his investment managers bought more shares of Heico in the third quarter of 2024 and increased Berkshire's stake in Sirius XM. They also initiated new positions in Domino's Pizza and swimming pool supplies distributor Pool Corporation.
Warren Buffett says he'd give up an extra year of his life to be able to eat anything he wants. Famously a fan of junk food, the 92-year-old has said he drinks 5 cans of Coke a day and eats McDonald's daily. "I always tell people: I found everything I like to eat by the time I was six," he told CNBC.
In a 2017 HBO documentary called Becoming Warren Buffett, the billionaire revealed he stops at McDonald's every day for a $3.17 breakfast made up of one of three items: two sausage patties; a sausage, egg, and cheese; or a bacon, egg, and cheese. Which he, of course, enjoys with a Coke.
Buffett himself has pledged that 99% of his wealth will go to philanthropy during his lifetime or upon his death. As of 2023, the shares he's already given away were worth about $50 billion based on their value at the time of donation, or about $130 billion given Berkshire Hathaway's stock value at the time.
Warren Buffett reportedly has an IQ of over 150 (anything past 140 is considered a genius), and while it has, no doubt, helped him become one of the world's richest men, the lesson here is to value emotional intelligence (EQ) just as highly.