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Strategies & Market Trends : Buffettology
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To: Shane M who wrote (2525)6/15/2000 4:17:00 PM
From: Freedom Fighter  Read Replies (1) of 4690
 
Shane,

I think the retirement account issue is really a personal one. I have a very small pension that I accumulated when I was an employee. The rest of my retirement funds are the result of personal savings in an IRA and Keogh. (I'm self employed now). I would be much more willing to trade and be fully invested in my retirement accounts if they weren't my sole source of retirement security.

A Japanese type debacle in the US could be disasterous for me if I was fully invested in both retirement and non-retirement investment accounts. And to be honest, I don't see a US debacle as a small risk. I see it as a strong probability eventually.

I'm trying to find the balance between taking advantage of the tax-deferred status of a retirement account and not doing anything foolish.

I'm buying the cigar-butt types on a limited basis in the retirement accounts and the core holdings in my regular investment account. But I'm still not sure this correct. I may be better off waiting for the core holdings in both accounts. This environment has me a bit confused because many second tier companies that I've thought were decent values have rallied back so quickly that it seems crazy to let them get away if you can trade them. Yet how much of that is related to the current equity boom and easy money and how much is related to a legitimate long term approach. I don't want to be seduced into doing stupid things just because they've been working during a once in a century aberration.

Wayne
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