What We Can All Learn From Billionaires Right Now

Copy the Current Moves of the World’s Most Successful Investors

Record high inflation, war in Europe, rising interest rates, disrupted global supply chains, global warming, a pandemic, investment markets taking a plunge, question marks about the local property market… whichever way you look, both New Zealand and the rest of the world seems a little more crazy than usual right now.

At times like these, it can be tempting to “batten down the hatches” and revert to survival mode.

Maybe this applies to your financial life and investments too, especially if you’ve watched your investment values fall lately. Certainly, most KiwiSaver balances have fallen.

But, when it comes to your hard-earned money, one of the best ideas can simply be to copy the moves of the wealthiest people in the world. So, what can we learn from them right now?

How Are the Wealthiest People in the World Handling This?

Warren Buffett

The most famous investor in the world, billionaire Warren Buffett, is on a stock (share) buying spree. In fact, it is being reported that the company he leads, Berkshire Hathaway Inc, has not been this significant of a net buyer of common stocks in any three month period in data going back to 2008 – during the depths of the global financial crisis. How much? The corporation has made a whopping US$41billion worth of investments, that’s enough to repay all of NZ’s government debt.

Elon Musk

The world’s richest man, Elon Musk, just struck a deal to buy one of the world’s largest tech companies, Twitter.

Jay-Z

Billionaire rapper Jay-Z just backed premier beauty brand Madison Reed in an investment totaling $33 million, according to reports.

James Murdoch

James Murdoch, the former CEO of Twenty-First Century Fox and the youngest son of media tycoon Rupert Murdoch, is backing a company to create one of the largest TV and digital streaming companies in India, one of the world’s fastest growing economies.

What Can We Learn?

Of course, we might not all lead lives like billionaires.

Though we can still learn from them. At a time like this, when the world might seem more uncertain than ever, one thing seems reasonably certain: the wealthiest people in the world are still investing, and if anything, are investing more than usual.

The Bottom Line: So What?

Just like anything when it comes to personal finances, what you can apply from watching the world’s wealthiest people is up to you, your current situation, and of course how you’d like your future situation to look. Perhaps it means you can:

• Keep up regular KiwiSaver contributions through payroll
• Explore whether to invest any lump sums held in savings
• Up your contributions to a non-KiwiSaver investment, such as managed funds or the stock market
• See if you can obtain an investment property‍
• Explore some other kind of investment, such as buying or launching a business

Whatever the case, it’d be our pleasure to provide a quick and complimentary financial health check to see if there’s any way we can assist. Simply let us know.