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Non-Tech : Kirk's Market Thoughts
COHR 138.18-0.6%Nov 18 3:59 PM EST
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To: Jerome who wrote (1420)6/16/2014 11:21:29 AM
From: Kirk ©  Read Replies (2) of 26536
 
Explore portfolios are for making a lot of money. Index funds are for protecting it against inflation and KEEPING the money in the event your individual stock analysis has a mistake.
Eventually I want to "really retire" and exercise or garden in the mornings rather than write investment newsletters and manage investment portfolios. A windsurfing buddy of mine recently retired and he's training for ironman type triathlons in the mornings then windsurfs in the late afternoons. He looks like a 22 yr old stud athlete with very low body fat... and he's old enough to be the kid's grandfather!

Nor does Warren Buffett use these vehicles to enhance his holdings in any significant manner.
Read his most recent annual letter to shareholders where he said he instructed his trust to put 90% into an S&P500 index fund and 10% into ST bonds.... He says the purpose of the 10% in ST bonds is so heirs won't have to sell stocks during bear markets for income. For "realistic" portfolios that are under $5 or $10M, I think we can do well enough beating the returns on ST bonds with savings accounts and CD ladders paying roughly 1% a year...

I prefer a GLOBALLY DIVERSE portfolio of index funds for my core, otherwise, I agree with his advice.
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