Re: Starting Out
Honestly? My advice is based on my views of the US economy and stock market, not on his investment horizon. Stocks are grossly overvalued right now by just about any historical measure. The economic "recovery" is being fueled by a massive consumer credit bubble and short-sighted monetary policies that are, in the long run, unsustainable. I wouldn't invest a lot of money in the stock market right now unless I really knew what I was doing.
I give the original poster a lot of credit for acknowledging that he is not yet a master investor, and instead delegating that responsibility to someone else (Warren Buffett) until a time when he does become more knowledgable.
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