Simba,
I am still convinced that by the time I retire, technology will be a much larger component of the economy that it is today. Don't forget that GE, once, was the technology company of its age - light bulbs and all. Given that, I choose to be over allocated in technology, hence my choice of indices.
This, incidentally, is what I had clearly mentioned in my post in 2000, when I started to switch my allocation. It seem that you read that post, reshaped it in your own mind to suit your prejudice, and forgot my underlying argument. Well, thank you.
As for the puts hedging, that was part of the plan, hence it makes total sense to ignore it. When you get money from your car insurance on the event of an accident, do you not include it in your account balance at that point in time?
-BGR. |
