The CNBC article written by Tim Armour called “Warren Buffett is wrong about this investment strategy” humbly adds his perspective that people need to be careful when investing in the long run because their returns can be diminished due to excessive trading and the ridiculous fees that people get charged while trading. He states that even though that the bull market that we just had recently was a very historic one, markets will seek a recession and it is very important that When that happens, you need to be ahead of the rest of the crowd. Tim Armour made a fantastic final statement by saying that people should start putting money into their retirement funds (401ks) because the baby boomers are now getting into retirement and taking away money from social security.
Tim Armour received his Bachelor’s degree for Economics from Middlebury College and in 1983, he started to work for the Capital Group. IN 1994, he was the Senior Vice President for the American Funds. The Capital Group did a partnership with Samsung Asset Management and Tim Armour wanted to help Korean investors with their retirement funds, and their needs for insurance. He believes that the market selloff can bring more opportunities to Chinese internet companies. The valuations of the internet companies in China are actually looking very strong, even when compared to the valuations of the larger internet companies in the United States. Tim Armour’s thoughts on post Trump market change are very interesting. He believes that quicker economic growth, growing rates and high inflation rates are to come in the future. Click here to know more.
Visit his Facebook: https://www.facebook.com/public/Timothy-Armour