First you need to be born in a family who’s investing already and rich, once your father passes away, he leaves you a huge chunk of money for you to take chances in investing without worrying if you lose your investments, then pray a little for the stocks to go up.
Ten or 20 years later you can brag about how well your investment did and brag about your simple strategy.
Before the internet, Warren was almost an unknown to the world, only few knew of him, now everyone wants to be like him.
Not all his investments are profitable, he just lost almost 3 Billion on his IBM, Coca Cola and few others
Read Warren Buffet Auto biography to see if you really want to or can be like him.
Start an insurance company so that you have many, many dollars coming in that you have to put somewhere. Be sure you have already hired good actuaries so that you know how to price your policies. Then hope that medical science starts keeping people alive until they are 75, unlike the age 65 your actuaries use (to delay the payout of capital). Then hope here is a major commercial boom in the U S because the country just got out of a war and off of rationing.
Any more questions? {in other words, it is not possible. Today's stock market millionaires got there by starting a company and selling massive quantities of stock - over time, as the price keeps rising.}
There are tons of articles on the internet by and about Buffett. Read them.
In a nutshell: Buy (high) quality stocks and hold for decades.
I suggest you start with ETF's: DIA, SPY, VGT, or DVY, among many others. You could also buy BRK-B.
Most investors are impatient and don't have the smarts or the discipline to be good, long term investors. Most of us are prone to try to hit, not just a home run, but a GRAND SLAM. Usually, we wind up with a strike out.
Im no economic wizkid but maybe in the future there could be another google, microsoft, apple type of company where they start out small but have solid potential. Another thing you may need at least 10 grand to start investing. One thing I do remember from economics class is 1) Don't put your eggs in the same basket (meaning don't go for only technology for example, expand on idk industry and then something else) and secondly buy low, sell high.
First thing to becoming a billionaire is to just ask on yahoo messageboards.
Check, got that step out of the way.
How many Billionaires do you expect to hear from on here?
Buy good stocks with dividends and never sell them!!!
Smoke pot!
Knows how to invest, lol. How can I at least start where he did?
