Riding the coattails of the so-called smart money isn’t a bad strategy. Just don’t blindly follow the stock buys and sells of billionaire investors. You need to do your own due diligence into whether the shares are worth putting your money at risk. Just because there are stocks the elite are buying doesn’t mean they should be in your portfolio. However, some of them are solid picks!
Just make sure you don’t need the money you want to put into play to pay for bills or emergencies. With a three- to five-year minimum investment horizon, these are stocks billionaires are buying. Piggybacking on them might be a successful strategy too.
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