I donโt talk about stocks too much on here, but I thought Iโd follow up on Operation Copy Buffett. If you were around back then, youโll remember I wanted to invest in stocks but I hadnโt a clue where to start (and I wasnโt going to randomly choose for the hell of it like previous times).
So instead, I decided to check out all of Warren Buffettโs choices and cherry pick from there :) Some people thought I was an idiot, and others thought it was a great idea. After all, if youโre going to copy someone, why not Buffett right? Well, just like I reported in the past, I couldnโt be happier with the choices I/heโs made. Hereโs a breakdown of all the stocks I currently own โ tucked away in my Brokerage Roth IRA:
[the italicized purchase prices are averages over multiple buys]
What more could a guy ask for? Granted the recent explosion of the market has done wonders to everyoneโs portfolios (thank goodness cuz we needed that!), but Iโd like to think these picks are in it for the long haul. Oh, and in case youโre wondering, yes I did throw in some picks of my own including GE & SIRI :) I canโt let him do ALL the work, right? hahaโฆIโll continue to play a little myself, but for the most part I donโt plan on risking a whole lot.
The majority of my retirement funds come straight from my 401(k) โ these stocks are just supplemental to add a little more fun into the game. If I lost 100% of them, it wouldnโt affect the overall game plan. It would SUCK BALLS (and the world would probably be ending if those companies all went under) but itโs a small % of my overall retirement monies. I just need more action than my mutual funds can provideโฆ
My portfolio is far from being perfect, or stable, (always best to consult with a professional โ donโt just do what I do!) but I thought Iโd share as itโs always cool to hear how others are trying to reach their goals as well. With everything in finance, it comes down to personal preference and game plans. Are you guys rockinโ out anything good?
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