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Scott Burns' Personal Asset Allocation
06-14-2004, 08:00 PM
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#1
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Recycles dryer sheets
Join Date: Jun 2002
Posts: 248
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Scott Burns' Personal Asset Allocation
From today's column
(Burns is in his early 60's and still working.)
http://www.dallasnews.com/sharedcont...rns.9fbd8.html
Summarizing the arithmetic from the article Scott's asset allocation is:
27.5% Vanguard TIPS Fund
27.5% Vanguard Total Stock Market Index Fund
22.0% International stock index funds
7.0% REITs
10.0% large-cap Energy stocks
6.0% Gold Stocks
-------
100.0%
intercst
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Re: Scott Burns' Personal Asset Allocation
06-15-2004, 03:12 AM
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#2
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Oct 2003
Posts: 5,105
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Re: Scott Burns' Personal Asset Allocation
Did he say how he would catagorize his portfolio - conservative to risky?
Did he say what was the objectives of the person who would use this allocation?
27.5% Vanguard TIPS Fund
27.5% Vanguard Total Stock Market Index Fund
22.0% International stock index funds
7.0% REITs
10.0% large-cap Energy stocks
6.0% Gold Stocks
-------
100.0%
It appears to be a bit on the risky side for a person of his age - unless he plans to keep working for awhile.
TIPS - conservative
Total Stock Market Index - conservative
International Stock Index - Med Risk - mostly due to exchange rate risk
REITS - med to high risk in an rising rate enviorment
Large cap Energy stocks - high risk - was this just a short term trade? They may have peaked.
Gold - High risk - Why have so much gold. It is an inflation hedge and volitle.
__________________
Sometimes death is not as tragic as not knowing how to live. This man knew how to live--and how to make others glad they were living. - Jack Benny at Nat King Cole's funeral
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Re: Scott Burns' Personal Asset Allocation
06-15-2004, 04:40 AM
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#3
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2003
Location: Kansas City
Posts: 7,968
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Re: Scott Burns' Personal Asset Allocation
Wow! Scott's portfolio reads like the 70's or 80's - ??back to the future??.
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Re: Scott Burns' Personal Asset Allocation
06-15-2004, 04:42 AM
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#4
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Re: Scott Burns' Personal Asset Allocation
Jonathan Clements also outlined his asset allocation the Sunday Paper. 75% Stocks/25% Bonds - He's only 41 though!
50% - US stock indexes - he did not break this down by sector
25% - International Sectors
25% - Bonds
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Re: Scott Burns' Personal Asset Allocation
06-15-2004, 04:42 AM
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#5
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2003
Location: Kansas City
Posts: 7,968
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Re: Scott Burns' Personal Asset Allocation
Except for the TIPs.
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Re: Scott Burns' Personal Asset Allocation
06-15-2004, 10:12 AM
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#6
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Dryer sheet wannabe
Join Date: Aug 2004
Posts: 13
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Re: Scott Burns' Personal Asset Allocation
Total Stock Market in my opinion is not consevative. Maybe moderate. 3 loosing years in a row 2000,2001,2002, is not a conservative fund IMHO.
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Re: Scott Burns' Personal Asset Allocation
06-15-2004, 07:35 PM
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#7
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Full time employment: Posting here.
Join Date: Nov 2002
Posts: 768
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Re: Scott Burns' Personal Asset Allocation
Quote:
I started reading his new book, and Scott is convinced that higher inflation is in our future. Most boomers have not saved enough for retirement, and they will pressure the politicians to support them. There is no way to do this just through higher taxes and more borrowing, so the politicians will just print money to give to them (inflation).
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Re: Scott Burns' Personal Asset Allocation
06-15-2004, 10:00 PM
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#8
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Thinks s/he gets paid by the post
Join Date: Dec 2003
Posts: 4,459
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Re: Scott Burns' Personal Asset Allocation
I bought a bunch of gold for the first time a couple years ago. *I never really liked the idea of precious metals as an investment, but I wanted a diverse asset mix.
I consider my hoard of gold to be my doomsday stash. * If we hit a period of hyperinflation, the stock market goes to zero, all of my bonds default, and all of my real estate gets swallowed by a giant sinkhole, I'll still be able to party for a year or so before I have to start from scratch. * It's a comforting thought *
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Re: Scott Burns' Personal Asset Allocation
06-16-2004, 03:26 AM
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#9
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Re: Scott Burns' Personal Asset Allocation
So, wabmester, if we have a complete economic
meltdown you would literally begin your golden years
John Galt
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Re: Scott Burns' Personal Asset Allocation
06-16-2004, 03:42 AM
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#10
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2003
Location: Kansas City
Posts: 7,968
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Re: Scott Burns' Personal Asset Allocation
Heh, heh
I view gold and even worse silver as a regional disease - perhaps incurable - growing up out West I've always had a few silver and gold coins - still have a 10% in a 'patented' CO non working gold mine. My 10% of the deeded twenty acres outside of Jamestown is agood spot for a vacation cabin ??someday?? Owned vg prec. metals all thru the 70's and 80's , some Homestake - managed to sell close to the twenty year bottom - oh well - balanced index rides on. And the four attempts to reopen the mine over the last thirty years makes for amusing stories.
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Re: Scott Burns' Personal Asset Allocation
06-23-2004, 12:07 AM
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#11
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Recycles dryer sheets
Join Date: Jan 2004
Posts: 75
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Re: Scott Burns' Personal Asset Allocation
Seems hedged against a rising rate/inflation scenario with a equities kicker in case things are ok.Inflation/rising rate investment invironment might be a good name for new thread-ak4195
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real men dont use dryer sheets
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Re: Scott Burns' Personal Asset Allocation
06-23-2004, 05:05 AM
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#12
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Recycles dryer sheets
Join Date: Jul 2004
Posts: 51
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Re: Scott Burns' Personal Asset Allocation
There is a difference between holding gold and gold equities. Gold mining stocks typically move much more (up and down) than the price of gold itself. If the price of gold increases 1%, then gold mining stocks will usually increase 3%-4%.
A 6% allocation of one's portfolio to gold stocks seems excessive to me; 3% seems more appropriate.
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Re: Scott Burns' Personal Asset Allocation
06-24-2004, 03:04 PM
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#13
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Recycles dryer sheets
Join Date: Jan 2004
Posts: 75
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Re: Scott Burns' Personal Asset Allocation
heres the dates of upcoming TIPS auctions,
july8-10yr
july 27-20yr
oct 7 -10yr
oct 26-5 yr
these may be subject to revision,but should be fairly close--ak
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real men dont use dryer sheets
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