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Four Habits...
Old 07-31-2008, 02:02 PM   #1
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Four Habits...

This is a pretty nice piece that describes what many of the geniuses here on this forum are doing with their retirement funds. I do not know Nicholas Fiduccia (almost sounds made up) but he sounds like he should be dropping in here on a regular basis.

"I had a plan to retire," says Nicholas Fiduccia, a former computer hardware designer in Silicon Valley who recently left the workforce at age 50 and now lives in Oregon. "Sometime around 2000, I decided it was time to think about hanging up my career. I made plans by reading investment books, talking to money-wise friends and professionals, and attending retirement classes. Today, my philosophy is pretty simple: low-cost, diversified index funds, rebalanced every two years."
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Extreme diversification with low-cost index funds
Old 07-31-2008, 02:23 PM   #2
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Extreme diversification with low-cost index funds

Although I don't think he will be dropping in here on a regular basis , Warren Buffett also believes in extreme diversification with low-cost index funds for most of the population:

If you are not a professional investor, if your goal is not to manage money in such a way that you get a significantly better return than world, then I believe in extreme diversification. I believe that 98 or 99 percent maybe more than 99 percent of people who invest should extensively diversify and not trade. That leads them to an index fund with very low costs. All theyre going to do is own a part of America. Theyve made a decision that owning a part of America is worthwhile. I dont quarrel with that at all that is the way they should approach it.
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