Why I ignored Warren Buffett’s advice and invested in cryptocurrencies – The National
- Date: 04-Mar-2022
- Source: The National
- Sector:Financial Markets
- Country:Middle East
Why I ignored Warren Buffett’s advice and invested in cryptocurrencies – The National
I’m what you call a set-and-forget type of investor, one who is influenced by the likes of legendary multibillionaire Warren Buffett, who once said: “If you aren’t willing to own a stock for 10 years, don’t even think about owning it for 10 minutes.”
It’s valuable advice that I’ve taken to heart over the years – I transfer a certain amount of money every month to my low-fee exchange-traded funds and that’s pretty much the only interaction I have with my investments.
While set and forget might be my mantra, I do occasionally struggle to ignore stock market volatility — which has (understandably) been on the increase of late thanks to surging inflation and Russia’s invasion of Ukraine.