Stock Market Goes to the Moon - Should you invest in Stock Market?

Consistently, I encourage Chartered Accountants to be more entrepreneurial. Go beyond budgetting, forecasting, compliance accounting, tax submission work. To add value to company, hence your own income potential is to look for new investments.

 

Dow Jones in USA is at record high, over 23,000 index points. Yet, billionaire Warren Buffett with estimated worth USD73billion predicted it will go up another 4,000%. Insane?

 

Well, you need to look from his perspective in USA open and transparent level playing field economy. USA is home to over 70% of world's Largest companies like Walmart, Dell, Amazon, Home Depot, Reeboks and the list goes on.

Should you invest in stocks? Emphatically YES! But timing and required capital is needed.

Where to find businesses to build your capital?

What are the strongest qualities of a successful entrepreneur?

Look out in my next article.

To your Profitable Future, 
Marcus

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Warren Buffett Predicting Dow 1,000,000 May Not Be So Insane

 

It would be hard to argue against anything Warren Buffett espouses on investing and markets. The legendary investor always has some sage advice and wisdom to pass along. Recently he said he thought the Dow industrials would reach 1 million in value in about 100 years. The Dow is at about 22,000 now.

Seems wild and outrageous, but on a compound basis it's really not farfetched, and actually might be too low! This prediction assumes about a 4.7% annualized rate of return, yet the industrials can probably do somewhat better than that.

"Whenever I hear people talk pessimistically about this country, I think they're out of their mind," Buffett said Tuesday in New York at a party celebrating the 100^th anniversary of Forbes magazine.
He pointed out the Dow was at 81 a century ago. It was first created in the late 1890s to represent a basket of 30 big American companies.

He noted that since Forbes created its first list of the 400 richest Americans in 1982 -- Buffett was worth just $250 million then -- some 1,500 different people have been included.

All with one thing in common.

"You don't see any short sellers," he said, according to Reuters.

Over 100 years, there are so many obstacles to overcome, but his point here is to stay with the markets, as they will rise over time. And while not many of us reading this today will be around if this comes true, milestones (even wild ones) are fun to discuss and wrangle over.

If there is one person whom we could believe in, it would probably be Warren Buffett. Let's take away from this his enthusiasm for investing in U.S. businesses, the finest and best in the world. Let's hope the generations that follow heed the advice to invest and stay invested, as these markets are tremendous wealth creators -- if you stay the course, like Buffett.

Source: https://www.thestreet.com/story/14317048/1/dow-1-million-in-100-years-maybe-buffett-s-forecast-isn-t-so-crazy.html