In an interview with CNBC recently, Warren Buffet said that it is important for the people to get more conscious regarding their savings and retirement planning to ensure that their future is financially secured. However, Warren Buffet added that it is important to research on the various investment tools available and carefully analyze the pros and cons with different retirement planning and investment tools before signing on the dotted line.
It is because the financial markets are more volatile today than it was earlier, and it only makes sense to diversify the investment portfolio to ensure there is a balance between the financial tools that are more stable in nature and the ones that are more aggressive but risk prone.
Warren Buffet says that the investments should be made with a bigger picture in mind and for the long-term, rather than trying to cut significant returns in the short term. It is because the Warren Buffet is known to have created his wealth majorly through the long-term investments in the funds, stocks, and a diverse range of other investment options.
Tim Armour, a well-established and credible finance and business executive in the United States, seconds the guidelines for investment mentioned by Warren Buffet. Tim Armour is the CEO and Capital of Capital Group, who succeeded the James Rothenberg.
Tim Armour has made immense contributions to the growth and expansion of Capital Group, not only in the United States but also overseas. Tim Armour led Capital Group to collaborate with the reputed Samsung Asset Management of South Korea to devise customized financial tools for retirement planning for the population of South Korea.