Buy And Hold: Be An Investing Expert Like Warren Buffett

Warren Buffett made the buy-and-hold strategy famous in investing. And while some investors in today's fast-moving markets believe the technique is outdated and no longer useful, the data tells another story. The investment company run by Buffett, Berkshire Hathaway (BRK.A, BRK.B), still acquires stocks using a long-term philosophy to buy and hold stocks.

There's no indication that the strategy has stopped working: Berkshire's stock price has soared 131 percent in the last 10 years, doubling the 65 percent return of the Standard & Poor's 500 index.

It's not easy, but if you follow the following nine steps you can buy and hold stocks, too.

NEXT: 1. Study the best.

Source: MSN Money

These 3 Tips from the Rich Can Help You Build Wealth

A back-to-basics strategy is your best shot at retirement security.

For its recent Insights on Wealth and Worth report, U.S. Trust asked 684 high-net-worth individuals with at least $3 million in investable assets how they built their wealth and what behaviors they attribute most to their financial success. I’ve boiled down their responses to three practical tips that even regular Joes can use to enhance their financial security:

1. Focus on building wealth slowly, not getting rich quick. Although many people think of the wealthy as trust-fund babies raised in privileged backgrounds, 58% of the wealthy individuals surveyed said they came from a middle-class background, and 19% grew up poor.

Read more: These 3 Tips from the Rich Can Help You Build Wealth

Source: Money