Warren Buffet recently said in an interview that many of the hedge funds out there are short-changing customers and that instead S&P 500 passive income fund provides better returns. He is so confident about it that he wagered $1 million on it saying that he can manage to get better returns from S&P 500 fund than from the hedge funds out there.
It is true because many of the funds out there are expensive. Warren said it is the right time that the Americans start to understand the importance of saving and wealth generation save for their retirement planning. Sooner the people start, more money they would be able to generate and save for the future.
Tim Armour is one of the most successful financial consultant and executive in the country today and is the CEO and Chairman of the highly reputed Capital Group. His company has over $1.4 trillion in assets under management. He has received Bachelors of Economics degree from the reputed Middlebury College. After the trump’s election, he feels that the economy is slated to rise and soar, even though the political turmoil is inevitable due to the general public sentiments.
He feels that the increase in Fed rate under the Trump’s government would help many industries to flourish, which would generate more employment and wealth for the country. It would work positively for the economy, which for long has been sluggish. It would also help the financial world to progress swiftly in the right direction and trigger massive investment from the public that would stabilize the economy.
Learn more about Tim Armour: http://citywireselector.com/manager/timothy-d-armour/d24059