Warren Buffett Is Selling Apple and Bank of America Stock and Piling Into This High-Yield Investment Instead

Warren Buffett is one of the most successful investors of all time. He boasts a track record dating back nearly 70 years in which he has produced eye-popping returns for those willing to stick with him over the long run. If you'd bought shares of Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) in 1965, when Buffett took control of the company, you'd have earned a cumulative return of 4,384,748% through the end of last year. By comparison, the S&P 500's cumulative return over that time was just 31,223%.Buffett has overseen the growth of Berkshire's investable assets, reaching well over $600 billion today. But Buffett hasn't seen a lot to like in the stock market recently. In fact, he's made some big sales of two of Berkshire's largest stock holdings in recent quarters, Apple (NASDAQ: AAPL) and Bank of America (NYSE: BAC). At the same time, he's piled most of the money from those stock sales and Berkshire's ongoing operating income into one high-yield investment.Here's what investors need to know.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool