Warren Buffett and Bank of America

Warren Buffett is someone that a lot of people look up to when trying to decide where to invest their money. In fact some people believe that Warren Buffett has far too much control and influence over the financial health of the US and beyond, too much for any one person anyway.

But last month he came to the rescue of Bank of America by investing $5bn pounds in the company. The fact that so much confidence was shown in Bank of America can only help it’s position and give investors the impetus to also show their confidence in the bank.

Warren Buffett is generally regarded as one of the most successful investors in the world and is the Chairman and CEO of Berkshire Hathaway. Anything that Warren Buffett invests in therefore comes under huge scrutiny and there are always scores of people ready to follow suit and invest in a similar fashion.

However, the deal to invest in Bank of America was said to be more of a long term thing and perhaps would not be the same as buying Bank of America shares for the short term.  In any investment it is worthwhile looking at your own situation with regards to the possibilities and to get advice to see if a perticular investment will suit your portfolio.

So just following the investments of Warren Buffett as they occur may not reap you exactly the rewards that you are looking for!

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