Buffett

Warren Buffett says this is how you get through COVID-19 financially

Warren Buffett says this is how you get through COVID-19 financially
Warren Buffett says this is how you get through COVID-19 financially

The coronavirus and its accompanying recession have hit everyone — including billionaire investing legend Warren Buffett.

Most of the companies making up his massive conglomerate, Berkshire Hathaway Inc., felt “relatively minor to severe” effects from the COVID-19 outbreak during the spring and early summer, Berkshire’s most recent earnings report reveals.

Even so, Berkshire reported an 87% jump in quarterly profits — so, the “Oracle of Omaha” (his Nebraska hometown) would seem to be weathering the crisis just fine.

You can follow his lead. Here are five examples of how you can benefit from Buffett’s advice to act defensively and keep debt under control while the virus rages.

Take full advantage of low interest rates

Buffett became one of the wealthiest people on the planet by capitalizing on opportunities. He sees fantastic opportunities for borrowers in 2020, thanks to the

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See How Much Money Warren Buffett, Dana White and 35 Other CEOs Are Pouring Into the Election

The November election could prove to be one of the most controversial ever when it comes to the American presidency. President Donald Trump is already sounding off that the election is ripe for fraud, with him questioning the reliability of mail-in ballots. Worth noting is that on a national basis, President Trump trails in the polls less than three months before Election Day. In the event trends continue and presumptive Democratic nominee Joe Biden wins the election, President Trump is setting the stage to contest his defeat, unless the results are resounding.

In this environment, many noted CEOs and other wealthy corporate executives are supporting candidates and causes with significant amounts of money. To unearth the identities of the biggest donors, GOBankingRates analyzed data from the Federal Election Commission to tally up the amounts donated by prominent corporate figures to various political causes. Results have been presented in reverse order,

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