Talk of The Villages Florida - Rentals, Entertainment & More
Talk of The Villages Florida - Rentals, Entertainment & More
#31
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#32
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My view. We all know when you talk money, few speak truth and few know truth. Warren Buffet called the greatest stock picker has stated he does not often beat the S&P average and we are best off simply buying the S&P. Another option, Buffet like, you can buy shares of Berkshire Hathaway.
Things have changed. Used to be commissions were far higher. Information was not as easy to find and you would pay more if you did not buy round lots of 100 shares. Today, you can buy with no commission and you can buy partial shares. Compared to the S&P. Truth, my brokerage statement prevents me from lying to myself. In ten years on a yearly basis I beat the s&p twice. Over the ten years the S&P BEAT ME. MONEY is just a number. It is simply a tool of exchange. You spend money after TAXES and INFLATION is simply another TAX. Woulda, shoulda, coulda. This is REALITY. There are no do overs. Further REALITY. Buffet like, if I remember Jr High English has become an adverb. I recall reading Buffet lost 44 million on some trade. REALITY, Buffet Like, if I lost 44 million there would be a lot of people wondering why they were foolish enough to LEND ME that much money. It is perhaps interesting that Buffet called the greatest stock picker also makes mistakes. Returns in the stock market should be higher to justify the RISK. I read a lot and expect, no demand it makes sense. It seems we no longer middle aged are investing like we are younger than we are. Will it bite us? Where to hide? That too beats me. |
#33
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Mr. B does not pick stocks, he picks companies and management. Also, since 1965 he has beaten the S&P 39 out of 58 times.......he often beats the S&P.
__________________
Identifying as Mr. Helpful |
#34
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Is now a good time to buy or a shoulda sold time. That beats me. |
#35
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$4 Million?
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#36
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I need to find me good insider trader for advisor. They’re ones that have money to manipulate the market. Plus the always know when to sell.
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#37
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As it is said hindsight is always 20-20. Buffet is over 90 and his partner Munger is older than he is. A guy of 90 saying he invests long term does make me wonder. Buying and selling companies? Frankly beyond my experience. The largest sale I was ever involved in was 14 million dollars.
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#38
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Fidelity offers the same exact funds with a different code on which a lower fee is charged they are offered to 401k plans. |
#39
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#40
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Beware that is not so. If, I don't make money he doesn't. Unless he is a stock fund manager collecting a disclosed fee, he makes money on commissions when you buy of sell. A fund manager makes his or her management fee as a percentage of what is in the fund and they make money whether the fund goes up or down. If, the fund does well, more people put money in and so 1% of two million is far less than 1% of ten or 100 million. Funds have closed because the amount in the fund is to small to justify the work required, government required paperwork, accounting etc,
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#41
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Terms of paying an advisor. I do not either. Perhaps for some it is worth the fee to have someone besides themselves to blame. Endless opportunities for free lunches. We went to ONE. I was truly interested. They handed out forms. They had roughly 30 people there. They asked stuff like ss# net worth where your money is. We got a free meal. If,I recall we even got a pen. I did not even give them my name. As it is said you get notin for nothin. I've never gone to another. |
#42
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After a year or so we got memos that the other partner is a crook. Long story short. That is how 1600 turned to zero and a tax loss. |
#43
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Why use investment advisor
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#44
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I did the same. Not to change topics but when does the investment club meet in the Villages. From many of the comments here I think I could learn something from them, and I consider myself a pretty well read investor.
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#45
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Closed Thread |
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