Whether you’re just starting out in the stock market, or if you’re trying to position your portfolio to ride out the coronavirus effect, wisdom from Warren Buffett is worth considering during panic episodes like the this one. Buffett likes companies with low levels of debt, and those that trade at relatively cheap valuations relative to earnings growth rates.
For wealth creation, stocks have been excellent long-term investments for funds that you don’t need to tap for meeting important near-term expenses like food, mortgage or rent payments, medical care, or upcoming college tuition. Don’t expect to touch the money for five to seven years.
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