Recently, Warren Buffet was given the honor of being a
speaker at Fortune’s prestigious “Most Powerful Women” Summit. During his
speech, Buffet took the time to make a few of the financial predictions which
he is so well known for. As can be expected, and as always happens when Buffet
shares one of his predictions, the crowd grew silent. Just in case you haven’t
heard what he said, though, we’ve recapped it for you here.
To begin with, Buffet predicted that in the next year and a
half or so, interest rates on homes are going to begin a major upward climb.
Fortunately, he didn’t just share this prediction and then leave the crowd
hanging. No, he offered up some advice as well, advising listeners to take out
a mortgage and buy a home. For those who were already homeowners in the
audience, he suggested considering a refinance.
Buffet’s theory and his advice is pretty spot-on, according
to financial experts. People who choose to take out a fixed mortgage will be
protected from rising interest costs. And, even if Buffet turns out to be
wrong, they still have the option to refinance later.
As for Buffet’s other prediction? Well, surprisingly, it
wasn’t really “financial” in nature. Instead, he predicted that Hillary Clinton
would take the 2016 election ...even though she hasn’t formally announced any
plans to run. Whether he turns out to be right in the political arena or not,
his money-related advice has always been pretty trustworthy. That said, it
might not be a bad time to put his prediction to the test in your own life;
even if he does turn out to be wrong, you still have a way out. And if he’s
right...which he usually is...well, then you’ll dodge a bullet in terms of
beating those high interest rates he thinks are to come.
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