Originally Posted By: supton
Originally Posted By: gfh77665
There is a lot I don't like about Warren Buffet. His politics, mostly. With that said, though, he is astute with an incredible track record.
Buffet, in his 80'S, holds 90% in an S&P index fund, and holds 10% cash. Wrap your mind around that. "In his 80's"...
Isn't Buffet worth Billions (billions with a capital B), thus 10% of his value in cash would be... way more than needed to sustain him in his last few years?
No offense intended towards the man. Once one has enough put into bonds & stuff that is safe and secure to live on for the rest of their lives--might as well let the rest run high risk, and reap the rewards.
He repeats over and over "cash is a terrible asset" to invest in.
Originally Posted By: gfh77665
There is a lot I don't like about Warren Buffet. His politics, mostly. With that said, though, he is astute with an incredible track record.
Buffet, in his 80'S, holds 90% in an S&P index fund, and holds 10% cash. Wrap your mind around that. "In his 80's"...
Isn't Buffet worth Billions (billions with a capital B), thus 10% of his value in cash would be... way more than needed to sustain him in his last few years?
No offense intended towards the man. Once one has enough put into bonds & stuff that is safe and secure to live on for the rest of their lives--might as well let the rest run high risk, and reap the rewards.
He repeats over and over "cash is a terrible asset" to invest in.