Warren Buffet says individual stock picking is for dummies. Then he put his
money where his mouth is a proved it:
https://www.investopedia.com/articles/investing/030916/buffetts-bet-hedge-funds-year-eight-brka-brkb.asp
-Curt
On Friday, January 1, 2021, 2:49:58 PM EST, Andrew Strasfogel via Mercedes
<mercedes@okiebenz.com> wrote:
Fisher Investments ONLY purchases individual stocks for their clients - no
mutual funds or ETFs. Sounds risky, but when you think about it - they
employ a large cadre of smart stock pickers to weed out poor performers and
focus on the best of the best in a typical client portfolio. Sort of like
a turbocharged mutual fund minus the losers, and without the fees (other
than their own one percent management fee). They claim this has led to
lasting success, such as predicting 9 out of 10 bear markets.
On Fri, Jan 1, 2021 at 2:33 PM Allan Streib via Mercedes <
mercedes@okiebenz.com> wrote:
> Jim Cathey via Mercedes <mercedes@okiebenz.com> writes:
>
> > My friends all sneered at my decision to use the windfall to pay off
> > my mortgage, pointing out that my mortgage rate was lower than the
> > general rate of return on tech-sector investments.
>
> Yeah I feel the same way. Sure, rationally if you have a mortgage at 5%
> and the market is returning three times that, why pay it off? For me
> it's because in a downturn, the mortgage payments don't stop. In the
> course of a 30 year mortgage, there will be some multi-year recessions
> and maybe you'll even have periods of unemployment or reduced
> income. It's just inevitable. In those situations, the less debt you
> have, the more flexibility you have.
>
> Allan
>
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