lol, that's awesome, Dave!

“One of the most shocking things is the low-level financial literacy throughout our culture,” Puritz told the Washington Post. “It’s independent of education. Doctors, MBAs, corporate executives are incredibly competent in everything they do. But when it comes to investing, you run into this cauldron of mostly negative emotions, embarrassment, frustration, guilt. It leads to paralysis.”

Fun Buffett story
 

Good read from a great guy!!
Inside tonite watchin reruns of The Office , season 8, I believe, Buffet interviews for the mgr position....classic. I just wonder who or how that was put together....lol

Well, just rolled my 401k over to an IRA after leaving my previous employer.

Now to figure out what to do with it. Hah. Time to research again. Question, what % would you set aside and "not" invest? So that there is some cash on the sidelines.

Also, I could probably use a bit of help making sure I am diversified. Any help would be appreciated.. Right now, I'm thinking of just adding the same % to my current holding, but concerned I may not be diversified enough...

Current Holdings:
MCD
MO
CVX
ED
GM
HD
KO
KMB
T
ABT
ABBV
PFE
LMT
AFL
BABA
WFC
COST
AMZN
NNN

That list looks FINE Albert!

Do NOT put your IRA/401 funds in the same exact names you hold outside the retirement funds.....


That's not to say you can't pick a couple and double up -- but you really should use the retirement stuff as just an extension of your total.... but continue on the diversity side.

We don't know your age and income and net worth etc ---- and I'm not an advisor --- but since we don't "need" our retirement --- I play more in that account with riskier names --- I don't trade it -- but I hold the NFLX and that kind of stuff in there.... but that's because it's just play money for us --- and others need to think about their total assets -- risk/reward -- age (how long can you go if you need to recover? 10 years?)..... etc.

Thanks Greg!

I did fail to mention those holdings are all in my ROTH. Also, I'm 38, so I still have a few years. ;)

Be more aggressive with 20 or 25% of your portfolio..... Go ahead and take a little risk - you have 30 years before retirement..... and will be retired many years after that.... so look at your investments as "what is this company going to be like 20 years from now?"

That % takes a little more thought --- and little more control of your emotions -- you're looking for growth -- balanced with what you think the company is capable of going forward.

Cool deal. We're the same age Albert. So, yes, what Greg said. I'd get a little more aggressive with part of the portfolio. You can do this by picking the names yourself or put it in a managed account that's more aggressive. Who do you have your Roth with? If one of the big four brokerage houses, they offer more aggressive managed accounts.

The way I diversify is that I only manage a portion of my retirement accounts. I have multiple accounts due to starting my own and having company sponsored accounts. Some I've rolled over but others I just left alone. I let smarter people than me manage those accounts. I choose my stocks in a portion of my Roth and my brokerage account only. My 401ks are professionally managed. I try not to copy the same stocks they use though I know I have some overlap. Don't sweat it too much. You have a good list going. I'm just offering suggestions.

As for savings, I believe the suggestion is to have 6-12 months of income in a readily accessible account. I have mine in an online savings account. It pays better than anything local but it's just a place to park the money should I need it.

I stole this statement from a letter written by the incoming CEO of Chrysler Fiat Ferrari..... about Marchionne - who's health issues have knocked him out of the spot.


I'd changed the word LEADER to FRIEND.... and I hope some of you will live a long life in retirement, and that you continue to come here often and pay it forward for your friends and family.


“The true value of a friend is not measured by what he has gained during his career but rather by what he has given. It is not what you accomplish today, but the legacy you will leave behind.”