If Buffett had 1 Million Dollars He Would Invest in…

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If Buffett had 1 Million Dollars He Would Invest in…

February 1, 2007 by Eric Schleien

Well my friend got an answer from Warren Buffett on what he would do with a million dollars as compared to many many billion. Unfortunately, I do not feel comfortable sharing the information as of now unless I get permission on Buffett’s strategy.

Posted in Benjamin Graham, Berkshire Hathaway, Everything, Investing, NCAV Strategy, Warren Buffett | 2 Comments

2 Responses

on February 1, 2007 at 9:27 pm | Reply Dennis

C’mon now… Hand over the information and no one gets hurt…
on February 13, 2007 at 6:33 pm | Reply Estelle Edwards

I don’t understand why anybody would need help to invest one million dollars. It would simply be a matter of looking around for an investment product that pays a reasonable amount of interest: enough to live on while not touching the principal. Why pay somebody else for something you can easily handle yourself?…especially if you happen to be single. Five percent interest on one million is approximately $50,000. (I say approximately because I’m not doing compounding on a monthly basis. It’s very involved to figure that stuff out, especially if you don’t have the right type of calculator.) I would divide that $50,000 by 12, which gives you $4166 per month (I dropped the string of decimals, .66666…). Now, all you would have to do is live below your means and not go crazy: find a place to rent that’s very reasonable, like under $1000, or, if you prefer a house, a reasonable mortgage.) No matter how much money you make, the trick is keeping most of it and not kicking it into high gear with an extravagant lifestyle! This would be a great enough strategy for somebody who is single, has no kids and not a whole lot of consumer debt. Just my opinion…..I’m not a financial services professional or anything like that.