Warren Buffett says these are the best stocks to own when inflation spikes

Last year, American Express demonstrated its pricing power as it raised the annual fee on its Platinum Card from $550 to $695.American Express makes most of its money through discount fees — merchants are charged a percentage of every Amex card transaction. As the price of goods and services increases, the company gets to take a cut of larger bills.

Berkshire also owns shares of American Express competitors Visa and Mastercard, although the positions are much smaller.Article contentCoca-Cola is a classic example of a recession-resistant business. Whether the economy is booming or struggling, a can of Coke is affordable to most people. Buffett has held Coca-Cola in his portfolio since the late 1980s. Today, Berkshire owns 400 million shares of the company, worth approximately $25.8 billion.Article contentNo one who spends $1,600 for a fully decked-out iPhone 13 Pro Max would call it a steal. But consumers love splurging on Apple products anyway.

Today, Apple is Buffett’s largest publicly traded holding, representing nearly 40 per cent of Berkshire’s portfolio by market value. Of course, the sheer increase in Apple’s stock price is one of the reasons for that concentration. Over the past five years, shares of the tech gorilla have surged more than 280 per cent.Article content

Shocked that he’s not investing in crypto Shocked I tell you… (not actually shocked 😉 )

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Inflation-busting stocks for investorsWatch Westcourt Capital\u0027s David Kaufman talk about the best places for investors to put their money in these volatile times fpinvesting Postmedia is currently 66% owned by American media conglomerate Chatham Asset Management. Not known for Cdn content or Cdn values.
Source: nationalpost - 🏆 10. / 80 Read more »

Advice | Experts say dividend-paying stocks are not for everyoneBob Lai, a 39-year-old product manager and blogger in Vancouver, has an investment portfolio comprised of 51 dividend stocks and one ETF.
Source: TorontoStar - 🏆 60. / 55 Read more »

What Ontario election hopefuls are promising for business and the economyParty platforms on housing, inflation, taxes and more Question for Conservative voters. Knowing that: Cons are the only party without a fully costed platform Doug Ford skipped 3 of the 4 debates Doug Ford refuses to answer media questions Con candidates skipped local debates all over the province What exactly are you voting for? If we can elect the green party leader only and have him run the conservatives would be awesome. NDP and libs can exit and try their luck into federal life
Source: nationalpost - 🏆 10. / 80 Read more »

What Ontario election hopefuls are promising for business and the economyWhat Ontario election hopefuls are promising for business and the economy — via financialpost OntarioElection2022
Source: nationalpost - 🏆 10. / 80 Read more »