A top Bloomberg ***** yst has a bold idea for Warren Buffett. Eric Balchunas says the investor should give his Berkshire Hathaway shares to Trump Accounts, the new government investment accounts for American children.
Balchunas shared the idea on Tuesday. Buffett, 95, plans to give away his remaining Berkshire stake, worth about $140 billion, by the end of 2034.
Trump Accounts launched on July 4. They were created under the One Big Beautiful Bill Act, a new tax law. Every eligible child born between 2025 and 2028 gets a $1,000 deposit from the Treasury.
Families can add up to $5,000 per year. The money sits in an S&P 500 index fund called SPYM by default. The Treasury picked Robinhood and BNY to run the app and the accounts.
Balchunas, the senior ETF ***** yst at Bloomberg Intelligence, thinks the accounts are a natural match for Buffett. Almost all of Buffett's wealth is Berkshire stock. He has also promised to give more than 99% of it away.
#buffett #balchunas #give
Balchunas shared the idea on Tuesday. Buffett, 95, plans to give away his remaining Berkshire stake, worth about $140 billion, by the end of 2034.
Trump Accounts launched on July 4. They were created under the One Big Beautiful Bill Act, a new tax law. Every eligible child born between 2025 and 2028 gets a $1,000 deposit from the Treasury.
Families can add up to $5,000 per year. The money sits in an S&P 500 index fund called SPYM by default. The Treasury picked Robinhood and BNY to run the app and the accounts.
Balchunas, the senior ETF ***** yst at Bloomberg Intelligence, thinks the accounts are a natural match for Buffett. Almost all of Buffett's wealth is Berkshire stock. He has also promised to give more than 99% of it away.
#buffett #balchunas #give
4 months ago
