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Warren Buffett to heirs: Put my estate in index funds
03-13-2014, 07:45 PM
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#1
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Thinks s/he gets paid by the post
Join Date: Mar 2013
Location: Southern California
Posts: 3,995
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Warren Buffett to heirs: Put my estate in index funds
I think this has been mentioned in passing in other threads, but I found the article a good summation of Warren's advice from his recent letter to put 90% of your money in index funds (he recommends Vanguard) and don't pay attention to the advisors who want you to buy active funds and pay them large fees to give you advice to do so. If this doesn't convince you to get rid of your financial advisor, I suspect nothing will.
Warren Buffett to heirs: Put my estate in index funds - MarketWatch
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03-14-2014, 01:14 PM
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#2
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Thinks s/he gets paid by the post
Join Date: Sep 2012
Posts: 1,568
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His successors at Berkshire must be thrilled.
__________________
You know that suit they burying you in? Thar ain’t no pockets in that suit, boy.
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03-14-2014, 08:05 PM
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#3
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Thinks s/he gets paid by the post
Join Date: Feb 2011
Posts: 1,796
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Perhaps Warren thinks no one else can match his successful record- or at least none of his heirs
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03-14-2014, 08:26 PM
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#4
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Oct 2006
Posts: 7,733
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Quote:
Originally Posted by gcgang
His successors at Berkshire must be thrilled.
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He isn't leaving any Berkshire Hathaway stock to his heirs. All of his Berkshire Hathaway stock gets distributed to various foundations, primarily the Gate foundations.
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03-16-2014, 05:15 PM
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#5
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gone traveling
Join Date: Apr 2011
Posts: 3,375
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Quote:
Originally Posted by clifp
He isn't leaving any Berkshire Hathaway stock to his heirs. All of his Berkshire Hathaway stock gets distributed to various foundations, primarily the Gate foundations.
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Perhaps he'll cash out of BH.
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03-16-2014, 06:12 PM
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#6
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Thinks s/he gets paid by the post
Join Date: Jul 2007
Location: St. Louis
Posts: 1,563
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Quote:
Originally Posted by Ready
I think this has been mentioned in passing in other threads, but I found the article a good summation of Warren's advice from his recent letter to put 90% of your money in index funds (he recommends Vanguard) and don't pay attention to the advisors who want you to buy active funds and pay them large fees to give you advice to do so. If this doesn't convince you to get rid of your financial advisor, I suspect nothing will.
Warren Buffett to heirs: Put my estate in index funds - MarketWatch
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Of course this would be easy with his money I am guessing the dividends would fill a bank account very quickly.
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03-21-2014, 08:20 PM
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#7
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Thinks s/he gets paid by the post
Join Date: Mar 2012
Posts: 1,555
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Depends on the life style of his heirs...
__________________
"Growing old is no excuse for growing up."
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