|
07-31-2008, 02:02 PM
|
#1
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Apr 2004
Location: South Texas~29N/98W Just West of Woman Hollering Creek
Posts: 6,674
|
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.
Quote:
"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."
|
Yahoo! Personal Finance: Calculators,Money Advice,Guides,& More
__________________
Part-Owner of Texas
Outside of a dog, a book is man's best friend. Inside of a dog, it's too dark to read. Groucho Marx
In dire need of: faster horses, younger woman, older whiskey, more money.
|
|
|
|
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!
Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!
You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!
|
Extreme diversification with low-cost index funds
07-31-2008, 02:23 PM
|
#2
|
Recycles dryer sheets
Join Date: Apr 2006
Posts: 143
|
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:
Quote:
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 they’re going to do is own a part of America. They’ve made a decision that owning a part of America is worthwhile. I don’t quarrel with that at all — that is the way they should approach it.
|
Questions and Answers with Warren Buffett ∞ Get Rich Slowly
|
|
|
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
|
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
» Recent Threads
|
|
|
|
|
|
|
|
|
|
|
|
|
» Quick Links
|
|
|