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6 ways investing like Warren Buffett can boost your 401(k)

Warren Buffett's investment strategies can significantly enhance your 401(k) performance, as outlined in an MSN article. The article suggests six key approaches: first, invest in what you understand, focusing on companies with straightforward business models; second, adopt a long-term perspective, holding investments for decades to benefit from compound growth; third, prioritize quality over quantity, selecting companies with strong fundamentals and competitive advantages; fourth, take advantage of market downturns to buy quality stocks at discounted prices; fifth, diversify your portfolio to mitigate risk, though Buffett himself concentrates on a few high-conviction picks; and sixth, keep investment costs low, as high fees can erode returns over time. By emulating Buffett's disciplined and patient approach, you can potentially see substantial growth in your retirement savings.

Read the Full MarketWatch Article at:
[ https://www.msn.com/en-us/money/top-stocks/6-ways-investing-like-warren-buffett-can-boost-your-401-k/ar-AA1Eh1E0 ]