Market tip: JPMorgan boss Jamie Dimon sees it like Warren Buffett: Long-term investing is the motto | message
Shares in this article
• Like Warren Buffett, Jamie Dimon advises long-term investing
• Looking for the right time to start is not worthwhile
• Dimon remains bullish on stocks
The stock market expert and head of the US investment bank JPMorgan Jamie Dimon is considered an investment professional to whom numerous investors lend their ears at every opportunity when the star investor shares something of his stock market wisdom. The last time it happened was during the US bank’s client webcast last week. Here the billionaire repeated the tip for investors to opt for a long-term investment instead of trying to predict market highs and lows in order to determine the most favorable time to enter and exit the stock market. As Dimon said, “The smartest investor in the world, Warren Buffett, would say this is not the way to invest”.
Buffett’s value strategy is paying off
According to the stock market professional, it is of course still important not to just invest in something, but to find out in advance what best suits your needs, for example in terms of pension. However, this already coincides with Buffett’s value strategy, with which he rose to become one of the richest people in the world. The strategy is to find undervalued companies that differ from the competition by a unique selling point and to keep this for a long period of time.
US growth remains intact, according to Dimon’s assessment
Even though the stock markets have been steadily increasing since the Corona low in March 2020 and the most important indices in the USA and elsewhere have already set new record highs, stock market expert Dimon still sees no gray clouds in the sky. He believes that US growth is likely to increase sustainably after consumers accumulated $ 2 trillion in savings in the wake of the corona crisis, households are little in debt and the economy re-opens step by step: “It will be one There is a boom and it could last for years, “says Dimon confidently.
Don’t be afraid of high ratings
Given this optimistic outlook, the JPMorgan boss is also not concerned about the now high valuations on the stock market, since “the booming economy will justify today’s prices”. Only the scenario of a sharp rise in inflation could stop the upward trend if the US monetary authorities had to do more to cool the economy down a bit. However, it was precisely speculation like this that led investors to disregard Buffett’s advice and tried to predict future market movements. This also includes the existence of bubbles in the market that Dimon is convinced currently exist. The bank boss did not want to reveal which values he was referring to in concrete terms: “I am not surprised. I have never seen a place in the world where there have been no bubbles or the like. People speculate and I don’t know why “.
Finanzen.net editorial team
More news about JPMorgan Chase & Co.
Image Sources: Jemal Countess / Getty Images for Time, Adam Jeffery / CNB / CNBCU / Photo Bank via Getty Images