Buffett always rises to the top. He actually came out against Trump’s tax reform plan, even though the plan gave is company a $29 billion increase in profits.
(At that rate, how much did Trump’s own companies get from the tax law? Probably a hell of a lot more than you did.)
Buffett’s words of advice to consumers (in his annual letter ot shareholders):
- Avoid debt. That means don’t use your credit cards and down go for a larger mortgage. You’re opening yourself up to bigger problems in the future if you do.
- Invest passively. Let the big mutual funds sort things out for you. Don’t try to time the market or gamble with day-trading. Market volatility will kill you.
(Note: I agree. I’m a huge fan of Vanguard. Their Windsor II Fund has served me well. I have no financial interest in saying this.)