What would Warren Buffet do in the current markets? The 85-year-old billionaire has been dispensing advice to Berkshire Hathaway investors for years, and offers some do’s and don’ts that may help investors now. If you have investments overseas you’ve probably been following “Brexit”, the upcoming referendum on whether Britain remains in the EU. The Chief Global Strategist for Schwab says to expect more market volatility and predicts an outcome for the June 23 vote. The latest Leading Economic Index has been released and presents a forecast for the next six months. For those investors fearing a recession, the numbers should come as good news.
Here’s What Buffett Wouldn’t Do, And Maybe You Shouldn’t Either– For anyone wondering, “What would Warren Buffett do?” the 85-year-old billionaire has given plenty of advice in his public remarks and in annual letters to Berkshire Hathaway Inc. shareholders. It doesn’t matter whether you’re a home buyer considering a mortgage, or an executive weighing a takeover; he’s got something for just about anyone looking to live a more rational, financially successful life. Here is a summary from Bloomberg of no-nos that Buffett has handed down to help investors, corporate managers and his own employees avoid mistakes. Read more…
Brexit: 5 Things Investors Need To Know– Britain will hold a referendum on June 23 to decide whether to remain in the EU or to “Brexit.” The run up to the referendum may contribute to volatility in the markets as the effects on the U.K. and Eurozone economy are considered. Recent votes in the U.K. show investors should ignore the polls; the U.K. is likely to stay in the EU. Jeffrey Kleintop, Chief Global Strategist for Schwab, discusses his views on the issue. Read more…
Conference Board Leading Economic Index: Decrease In January For Second Consecutive Month– “The U.S. LEI fell slightly in January, driven primarily by large declines in stock prices and further weakness in initial claims for unemployment insurance,” said the Director of Business Cycles and Growth Research at The Conference Board. “Despite back-to-back monthly declines, the index doesn’t signal a significant increase in the risk of recession, and its six-month growth rate remains consistent with a modest economic expansion through early 2016.” Read more…
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