cardude
Full time employment: Posting here.
- Joined
- Feb 21, 2006
- Messages
- 599
Floatingdoc:
I'm currently retired and using a risky-sounding strategy composed of 50% Berkshire Hathaway stock and 50% cash/bonds. I think the fact that I have 50% in cash/bonds mitigates the risk pretty well, unless an evil black swan somehow sinks Berkshire, then I'm pretty much screwed and would have to go back to w*ork to make up for the lost income. If Berkshire falls by 1/2 I'm still at less than a 4% SWR so that's how I try to look at it.
Also, I'm always looking for the perfect opportunity to exit some of my Berkshire poistion and spread it across some other asset classes.
I guess my point is, I have read the books the other posters are talking about and think I have a pretty good grasp of the situation, and I have a pretty good appetite for risk, but your approach sounds crazy-risky even for me.
I'm currently retired and using a risky-sounding strategy composed of 50% Berkshire Hathaway stock and 50% cash/bonds. I think the fact that I have 50% in cash/bonds mitigates the risk pretty well, unless an evil black swan somehow sinks Berkshire, then I'm pretty much screwed and would have to go back to w*ork to make up for the lost income. If Berkshire falls by 1/2 I'm still at less than a 4% SWR so that's how I try to look at it.
Also, I'm always looking for the perfect opportunity to exit some of my Berkshire poistion and spread it across some other asset classes.
I guess my point is, I have read the books the other posters are talking about and think I have a pretty good grasp of the situation, and I have a pretty good appetite for risk, but your approach sounds crazy-risky even for me.