Tim Armour is the Chairman and CEO of capital group. The capital investment group is the home of American funds and is considered as a large investment manager worldwide.
Tim documented about Warren Buffet’s decision to bet $1 million in a charity aimed at achieving good investment returns. Mr. Buffet took this direction since the investment returns were better than those of a group of hedge fund managers. The bet made by Mr. Buffet was a simple investment that did not cost much. Tim Armour also praised Buffet’s bottom-up approach of investing which analyzed companies and built a durable portfolio hence trusted.
To add o Buffet’s idea, Tim Armour also believed that mutual funds provided poor long returns. Low cost investments like Buffet’s provided investment returns for a long term. Therefore, his advice was for investors to change their mentality of passive index returns as the safe path for retirement investments. Unfortunately, many investors were not aware that they are exposed to 100 per cent of losses if they invested in index funds and market experienced downturns and learn more about Tim.
Tim armour had witnessed the average actively managed funds doing bad over time. He also noted that those that invested in index fund 40 years ago had over half a million dollars to date. However, investing in the best active American funds could achieve more wealth and more information click here.
According to Tim Armour, it was not easy to tell the best funds to invest in. It was however, wise to choose the funds with low expenses and high manager ownership. Also, investing in the funds needed some long time to get good returns and Tim’s lacrosse camp.
Armour further noted that millions of Americans were retiring at a tender age and the young ones were worried saving enough for their retirement. It was therefore good to discuss the steps and alternatives that were needed for the young investors to get higher returns within the limited years and resume him.
Tim Armour has been the CEO of Capital group Companies since 2015. Dr. Tim Armour is a graduate of Middlebury College. He is also the Chairman and Director of Capital Research and Management Company. He has been an Equity Investment analyst at Capital.