'It's not taxed at all': Warren Buffett shared the 'best investment' you can make to fight inflation — how to put his advice into action

Table of Contents

We maintain a strong commitment to honest and unbiased reporting to provide you with the accuracy you need to make informed decisions. Some or all links within this article may be affiliated or commissioned.

Warren Buffett, the CEO of Berkshire Hathaway, has constructed an enormous financial empire with an estimated net worth of $117 billion.

In contrast to the glamorous and extravagant lifestyles often associated with other incredibly wealthy celebrities and business leaders, Warren Buffett adheres to a more modest and shrewd investment approach that has inspired countless investors globally. One of his most renowned principles is to purchase and hold onto shares for as long as possible.

“When investing in a stock, it's crucial to be ready for the possibility that it could plummet by 50% or more, and to feel okay about it. However, some individuals tend to lack caution; some are more prone to fear when dealing with financial losses.”

Don't miss

• Become the owner or master leaseholder of a Walmart, Whole Foods, or Kroger store.
• Could save you potentially more than $600 a year
• Here’s how to get started with starting something new for as little as $10.

Invest in yourself

At the 2022 Berkshire Hathaway shareholder meeting, Buffet stated, "Whatever abilities you have can't be taken away from you. They can't be inflated away from you," he said. "The best investment, by far, is anything that develops yourself, and it's not taxed at all."

Although this isn't a typical investment suggestion, Buffett strongly believes that by continually investing in personal growth and learning, you can enhance your own value and increase your chances of accessing opportunities to build wealth.

Even right now, Buffett has wise investment advice for investors looking to protect their wealth and even grow it while also keeping their tax bills low.

Here are some of his top investment strategies.

Real estate

The key point to consider is that real estate is generally a "good investment" during times of inflation, as noted by Buffett.

The ones you can buy and never have to make more money for, since you only use what you've already paid for.

While real estate can be a good investment option, gaining access to it can be challenging. Thankfully, there are numerous platforms that make it easier to invest in real estate.

Makes it easy for accredited investors to boost their earnings through opportunities in grocery-anchored, necessity-based retail spaces.

Collect money on a regular basis from a variety of real estate investments on a quarterly basis.

has you covered.

without assuming burden of property management.

Start building your real estate portfolio with as little as $100.

Use these three real assets to safeguard your wealth today

Stocks pricing power

Warren Buffett has seen a lot over the years, navigating many ups and downs of the US economy. He has managed investments through periods of extremely high inflation in the 1970s and has valuable insights on what to own when prices for everyday goods are rising sharply.

Warren Buffett favors companies with high-quality assets that need relatively little capital investment, like Apple. The tech firm has some impressive financial metrics - a testament to its efficiency, strength, and negotiation abilities - which have allowed it to succeed despite the current inflation.

Acorns, a computerized savings and investment app.

A $20 bonus investment to get your savings started.

Gold

Buffett is known for his skepticism about gold investing - describing it in a 2011 letter to shareholders as "an asset that will never produce anything" - but other financial experts believe it to be a reliable way to protect against inflation because its value has remained relatively stable over time.

This retirement account can help steady your finances by letting you invest directly in actual precious metals, as opposed to stocks and bonds.

Lear Capital has helped thousands of clients make over $3 billion worth of precious metal transactions by offering zero fees on all first-year trades and free storage for up to five years.

To Get Started with a Gold IRA, Here's Everything You Need to Know

What to read next

• Here's how two minutes a day can save you more than $600 by 2025
• Here's how
• —not in accordance with any medical checkup or blood sample

This information is for educational purposes only and should not be used as advice. It comes without any guarantee of accuracy or reliability.