Tuesday, November 27, 2007

Mega Returns Master Buffett

So, you've heard of Warren Buffet, of course. Master investor, buddy of Bill Gates, Bridge player, general nice guy. Master philanthropist (gave away a huge chunk of his money after being inspired by Bill G.).

A recent Bloomberg news article discusses just how good a stock picker Warren Buffett is. "Buying whatever billionaire Warren Buffett bought, often months after his share purchases, delivered twice the return of the Standard & Poor's 500 Index during the past three decades." The best bet for an individual is to buy class B shares of Buffett's company, Berkshire Hathaway. Of course, the price for a single share runs around $4,475.00. Luckily, you can buy partial shares.

If you wanted to have some fun, you could open an account through a company like Zecco, which offers ten free stock trades per month if you have an account balance of at least $2,500, and set up your own little Mini-Berkshire Hathaway.

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