Invest like Warren Buffett with this app

The new iBillionaire lets you follow market poobahs in hopes of replicating their success.

By Kim Peterson Mar 21, 2013 4:31PM
File photo of Warren Buffett on the NBC News' 'Today' show on November 27, 2012 ( Peter Kramer/NBC/NBC NewsWire via Getty Images)For $2 a month, you can invest just like Warren Buffett. At least, that's what the upcoming iBillionaire app would have you believe.

The new app, which debuts next week, will let you compare your stock holdings to those of Buffett and hedge fund managers David Einhorn and Bill Ackman, MarketWatch reports. You can already go online to find these billionaires' favored stock picks, since they are required to file their holdings quarterly with regulators.

But the iBillionaire app grabs that data and offers it up in easily digestible app form.

Still, you simply can't copy the big boys and expect to come out a millionaire. MarketWatch points out one huge drawback: The information will be fairly old, since these big investors don't have to file their holdings until 45 days after the end of each quarter.

Another problem is that you can't invest like billionaires unless you have a billionaire's knowledge and resources. Those include plenty of financial advisors and analysts that know every option trick in the book and can jigger deals you've never even heard of.

Buffett, for example, is reportedly planning to exercise $5 billion in Goldman Sachs (GS) warrants this year at a $115 strike price. The closest you're going to get to a warrant is this song.

But hey, iBillionaire might give you some fun talking points at cocktail parties. And it might educate you about stocks you wouldn't normally consider, such as J.C. Penney (JCP), which has fallen 48% since Ackman became the largest shareholder.

More on moneyNOW



Tags: JCP
7Comments
Mar 21, 2013 6:16PM
avatar
Buffet is a con!  He needs to away! 
Mar 21, 2013 8:24PM
avatar
Every successful investor in ANYTHING, has probably conned someone at LEAST ONCE.
Mar 21, 2013 8:08PM
avatar

Was interested and all set to download and try it out... until I saw the monthly fee. No thanks.

 

Mar 21, 2013 8:21PM
avatar

I'm sure you can get plenty of  Information on Buffet or Berkshire....By buying his books or books about him at used book stores,,,Or reading stories about Berkshire, and and the like..

 

Believe his daughter or other close associates, have written some books also...ie; Buffet or Berkshire.

Libraries are free...

 

I dunno for sure, because I've NEVER spent a dime on any of that, Warren would be proud of me.

If I happen to see a book about him at a Garage Sale for a buck, I might buy it..Maybe.??

I don't think we have any in our Library...??

Mar 22, 2013 7:06AM
avatar

BRK is too large to continue to grow like that - Buffett's said so himself. We've (www.risingsum.com) developed a way to use his own criteria to find the stocks he's got on his buy list.

Mar 21, 2013 6:51PM
avatar

Remember this, it took Warren and Charlie about 50 years to do what they have done..

 

It ain't easy, and takes long hours and tedious type work,,,leaning to the wheel or lever..

 

Buffet/Berk has some good ideas and then some bad...

Parts of their Mantra is worth trying or emulating..

Most of us do not have their resources...

But you can pick up some good ideas, if you watch, read and listen...

I strive to beat Warren and BERK or at least match their performance..YOY.

We have done it several times....I am happy with that. 

Mar 21, 2013 6:11PM
avatar

I’ve seen several articles over the last few years suggesting ways to invest like Buffett. It seems to me the simplest way to do it is to buy shares of Berkshire Hathaway (O.K., mini class B shares for me).

Report
Please help us to maintain a healthy and vibrant community by reporting any illegal or inappropriate behavior. If you believe a message violates theCode of Conductplease use this form to notify the moderators. They will investigate your report and take appropriate action. If necessary, they report all illegal activity to the proper authorities.
Categories
100 character limit
Are you sure you want to delete this comment?

DATA PROVIDERS

Copyright © 2014 Microsoft. All rights reserved.

Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.

Trending NOW

What’s this?

MARKET UPDATE

[BRIEFING.COM] The stock market finished the Wednesday session on an upbeat note with the Nasdaq (+1.3%) ending in the lead. The S&P 500 settled higher by 1.1% with all ten sectors posting gains.

The benchmark index spent the entire trading day in the green, rallying to new highs during the last hour of action. The tech-heavy Nasdaq, meanwhile, briefly dipped into the red during morning action, but was able to recover swiftly.

Stocks began the trading day with modest gains ... More

MSN MONEY'S