QuebecPride
Registered User
Love Buffet but some of the quotes attributed to him really need to be time stamped. Was he discussing leverage when rates were 10%+ or the past few years when money was free? He also talks a lot about diversification but has a pretty concentrated portfolio - Apple is something like 40% percent of his holdings.
I don't think leveraging is for everyone, and a lot of folks are going to get crushed in the near future, but for the average Joe it offers the only real path to wealth. I think most folks would be much better off rebalancing the net worth they have in RE by moving money to market based ETF's. Most of HELOC money goes to toys, second homes, vacations, etc. Much better to have that money in the markets.
It's from 2018...
https://www.cnbc.com/2018/02/26/buf...adies-and-leverage-leverage-is-the-worst.html
Buffett is the first to say the average Joe should just buy the S&P500 ETF and move on. What he preaches for the average person and what he does as an all-time rockstar investor can differ. Not many people have his smarts.
https://www.cnbc.com/video/2020/05/04/warren-buffett-investing-advice.html