What kind of income is required to invest in stocks like Warren Buffett?
- tiescoreLv 61 month ago
Well first thing you need to do is buy an insurance company, which Buffett talks about. He used the cash flow from that to make a majority of his other investments.
- BLv 71 month ago
open a discount brokerage at fidelity and invest in Berkshire Hathaway which is Warren Buffet's company. you will be an owner in the many stock he owns. read up on the Berkshire Hathaway stock on yahoo.com.
- SteveLv 61 month ago
You can invest in any stock he does. Many people just follow his buy/sells. Its just the amount you can buy that is different. Depending on how much money you are rolling with will mostly determine your choice in how much you can buy. Warren didnt start off with billions. Hes been in the game for many decades. So start with you have and make it grow. Much easier said than done, but if you dont start you have no idea how much you can amass over decades.
- Casey YLv 71 month ago
Well, Warren does a couple of things you probably couldnt.
1. Often, when he buys into a company, he puts someone on their board to keep an eye on them.
2. Sometimes, he'll just buy a controlling majority of the stock and then he gets to run everything.
3. It has nothing to do with income, it has to do with equity...you cannot buy anything based on your anticipated income...but you can buy just about anything with cash today.
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- 1 month ago
Depends on how much you want to earn
- Anonymous1 month ago
You can invest in any stock you want to already today. Nothing is stopping you.
- JenniferLv 61 month ago
A lot of extra disposable income, and don't forget that you have to talk to a professional, sign papers, and claim everything on your income taxes.
- A nobodyLv 71 month ago
There are very few firms that have "income requirements" to open an investment account. However, Buffett's investing philosophy is to buy and hold so the real concern is how much money one has to spend make investments.Source(s): from The Street
- RickLv 41 month ago
You would need disposable income, according to the banks only the top 20% have any savings over $10,000 and if you do not have even have $10,000 in total savings for retirement you should not risk it in stocks.
- babyboomer1001Lv 71 month ago
The requirements are no different for him than anyone else. Most stocks require a $5,000 minimum. Some, $10,000.