Business
Forget gold and Bitcoin. I’d follow Warren Buffett and buy cheap shares to get rich – Motley Fool Australia
Following Warren Buffett’s lead and buying cheap shares could be a profitable move. It may lead to higher returns than gold and Bitcoin in the long run.
The idea of buying cheap shares may seem less appealing after the COVID-19-led stock market crash. It highlighted the volatility that can be present in the stock market over short time periods, as well as the paper losses that can be incurred by any investor.
However, over the long run, purchasing undervalued companies could be a profitable move. It is a strategy that has been used to great effect by Warren Buffett. He has used market downturns to his advantage over many years.
As such, avoidi…
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