- Posted May 07, 2013
- Tweet This | Share on Facebook
Buffett says bonds are terrible investments today
OMAHA, Neb. (AP) -- Billionaire Warren Buffett says he doesn't like owning bonds right now, and he doesn't think average investors should either.
Buffett said on CNBC on Monday that bonds are a terrible investment at the moment and owners of long-term bonds may see big losses when interest rates eventually rise.
The head of Berkshire Hathaway Inc. says stocks are generally selling for reasonable prices even with the market at record levels. Several years ago, stocks were very cheap during the recession.
Buffett says bond prices are artificially inflated because the Federal Reserve continues to buy $85 billion of bonds a month.
He says the average investor should keep enough cash to be comfortable and invest the rest in equities.
Published: Tue, May 7, 2013
headlines Oakland County
- Associations gather for Spring Fling
- Supreme Court denies rehearing request by attorneys sanctioned for meritless election lawsuit
- Law school conducts ‘Know Your Rights Day’ for high school students
- Oakland County household hazardous waste dropoff events promote environmental stewardship and safeguard communities
- Nessel testifies in support of BRITE Act
headlines National
- Incarceration series includes female inmates but doesn’t tell full story
- ACLU and BigLaw firm use ‘Orange is the New Black’ in hashtag effort to promote NY jail reform
- Former DOJ official who alleged election fraud violated at least one ethics rule, ethics committee says
- Winston & Strawn will provide reduced-cost legal services for routine tasks under Winston Legal Solutions umbrella
- Should Justice Sotomayor retire? Chemerinsky, White House haven’t joined calls for her to step down
- Which BigLaw firms are increasing lateral associate hiring the most? One made legal headlines last year