I don’t talk about stocks too much on here, but I thought I’d follow up on Operation Copy Buffett. If you were around back then, you’ll remember I wanted to invest in stocks but I hadn’t a clue where to start (and I wasn’t going to randomly choose for the hell of it like previous times).
So instead, I decided to check out all of Warren Buffett’s choices and cherry pick from there :) Some people thought I was an idiot, and others thought it was a great idea. After all, if you’re going to copy someone, why not Buffett right? Well, just like I reported in the past, I couldn’t be happier with the choices I/he’s made. Here’s a breakdown of all the stocks I currently own – tucked away in my Brokerage Roth IRA:
What more could a guy ask for? Granted the recent explosion of the market has done wonders to everyone’s portfolios (thank goodness cuz we needed that!), but I’d like to think these picks are in it for the long haul. Oh, and in case you’re wondering, yes I did throw in some picks of my own including GE & SIRI :) I can’t let him do ALL the work, right? haha…I’ll continue to play a little myself, but for the most part I don’t plan on risking a whole lot.
The majority of my retirement funds come straight from my 401(k) – these stocks are just supplemental to add a little more fun into the game. If I lost 100% of them, it wouldn’t affect the overall game plan. It would SUCK BALLS (and the world would probably be ending if those companies all went under) but it’s a small % of my overall retirement monies. I just need more action than my mutual funds can provide…
My portfolio is far from being perfect, or stable, (always best to consult with a professional – don’t just do what I do!) but I thought I’d share as it’s 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 rockin’ out anything good?
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