Warren Buffet is Investing in Europe
Could this be a fine time for a European fling? According to a recent article by the Daily Wealth, investors should be turning their attention on the European market.
Warren Buffet recently told CNBC “Europe’s economic problems present a buying opportunity,” he said. “We’ve been buying some European stocks and companies in the past year.”
The Daily Wealth reports that since 1964, Warren Buffett has increased the book value of his holding company, Berkshire Hathaway, by 587,000%. That’s enough to turn a $10,000 investment into nearly $60 million. Right now, he’s looking to make money in European stocks.
Over the past year says the Daily Wealth, a certain group of European stocks have outperformed their U.S. counterparts. What’s more… even after that run, they are still a better value than U.S. stocks today. So based on history, we still have an excellent opportunity to get in this trade.
UGC first wrote about the opportunities presenting themselves in the European market back in January. Back then we noted that European stocks traded at a significant discount to U.S stocks on three key valuation measures being price to book, price to earnings and dividend yield.
Remember crisis creates opportunity. If you would like to learn more about how you can take advantage of the current European market conditions contact UGC to speak with one of our financial strategists for a No Cost, No Obligation consultation on 03 8657 7640 or email [email protected]. We would be more than happy to review your current arrangements and give you the advice you need for a more secure financial future.
The information contained in this report is General in nature and has been prepared without taking into account your objectives, financial situation and needs.