Secret Millionaires Club

ASK WARREN

Warren Buffett Businessman

Warren Buffett is the world's most famous investor. He doesn't buy stocks to sell, he buys companies to keep. And now he's helping you learn to do the same.

Need some advice from Mr. Buffett? Fill out the "Ask a Question" form below.

Featured Question

I have twenty one dollar bills. My mom says she will give me one twenty dollar bill for the twenty one dollar bills. The thing is that I think I have more money then she is trying to give me since she is trying to give me one bill and I have twenty bills. Is she giving me the same amount? If so how? Leanne, age 8, Illinois: Warren 60x60
~ The 1 $20 dollar bill your mom is offering you is equal to the 20 $1 dollar bills that you have today. It is not different than being given a dime in exchange for 10 pennies. Your mom and dad will always be your best advisors, and they won't charge you a commission for changing money for you!

Other Questions- Click to see the answers.

Kaitlyn, Age 13, CA
How do you know when you are going to lose money and when you aren't? Since the stock market changes every minute.
That is a very good question. The answer is you don’t know when you are going to make money or lose money. You are right, the stock market changes every minute. Because of that, you should never buy a stock expecting to make money in the short term. When you buy a stock, you are actually buying a share of that company. If it is a good company then you will make money over time as its value goes up. When you buy a stock, you need to imagine that the stock market will be closed for 20 years and you will not be able to look at its price. That way, you wont be distracted by the short term ups and downs. A company will be successful if it offers good products and services at a fair price while being run by honest, capable managers. Over the long run, such companies tend to appreciate and go up in value.
Aleeya, Age 19, MD
What is the main contribution to the stock market crash of this century?
This is a very difficult question to answer and even the smartest and best economists don't have a clear answer or agreement. One thing that we do know is that when a stock price goes down, there is less demand than there is supply at that price. More people want to sell their shares of that company, than want to buy, so the price keeps getting lower until somebody is willing to buy it.
Serena, Age 6, NJ
When can I start buying a stock? Age 9?
I think you can start buying stocks when your parents tell you it is OK. They will know what is best. In the meantime, keep studying, asking questions, and learning. The more you learn, the more you'll earn.
Elijah, Age 13, MO
What was the very first stock you bought?
The very first stock I bought was Coca-Cola. I still own it today. It was a great company then and it is a great company today.
Marie, Age 13, MS
Can volunteering help the economy? If so, then why aren't people doing it? I stick to my motto if you see something that needs doing, do it.
Volunteering can definitely help the economy. Value is created in many ways and public service is definitely an important one. It is an investment in our society and country. Your attitude will bring positive dividends to not only yourself, but to others around you.