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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: John Koligman who wrote (8249)	2/19/2020 3:20:18 PM
From: Kirk ©	1 Recommendation Recommended By berniel Read Replies (2) \| Respond to of 26769

HP got rid of the pension plan about the time IBM crashed... early or mid 90s I believe. I had a lump sum amount that I rolled into a self directed IRA at Vanguard to start to diversify from tech when I left in 1998 I have mostly managed that passivly with index funds and rebalancing to help the overall portfolio allocation. I also had a 401K that replaced pension that was about 2x the money. I rolled the 401K into a self directed IRA at Fidelity that I actively manage. The 401K is up about 5x with 53% in "fixed income" now while the indexed account is only up 3.5X, give or take of course.... I've rolled some of the IRA to ROTH in "lean years" when the markets were down so hard to be exact but my Explore trading has done me well. I have a lot of the fixed income in my portfolio in REITs that I consider fixed since I had such a high percentage in stocks... so I sort of lucked out there as I don't take credit for predicting the 10 year would go to 1.6%... I took a lot of profits out of IBM at higher prices and lower on the way up but have not bought back. I found better tech stocks to add to the portfolio such as Google.... that is up huge since I made the decision. It was clear here that Google was "the new HP" where the smartest college kids were recruited much like HP was that way in the 1970s (IBM too... I had several sites try to get me but you wore ties and it was NOT in beautiful California! In the end HP offered more money too. But the biggest reason is I thought HP stock had more upside since their revenue was about equal to IBMs profits in 1978/9... so I went where I could matter AND profit.)