Stop frittering away the fruits of your frugality

re: Stop frittering away the fruits of your frugality

Connie Olinger — Fri, 04 Sep 2009 20:23:17 GMT

Until I see the market rise steadily for 6 months, I'm keeping everything in govt. guaranteed fixed mutual funds. THEN the second I see it start down 2 months in a row, I'm OUTTA THERE.

re: Stop frittering away the fruits of your frugality

-Jobbik- — Fri, 23 Nov 2007 17:12:39 GMT

Buying a B share is a great goal. I decided a while back to make that the anchor of my portfolio.

I currently own two shares, one bought at $3600 and the other purchased near $4500. That being said they are already an overwhelming presence in my holdings.

I wouldn't want it any other way.

-Jobbik-

re: Stop frittering away the fruits of your frugality

Larien — Fri, 23 Nov 2007 16:34:23 GMT

I don't think buying the B share is a great ideal. You will have enough money to open a mutual fund which allows you to buy portions of shares of many companies which offers immediate diversification. You have to consider the "what if" scenario. ...That is to say what if Berkshire Hathaway went the way of Enron?

I think mutual funds are the best way to go for most of us working class people who don't have 1000s to squander in the market since these investments offer us a smaller investment in many companies. I don't think that someone who doesn't have a fully funded emergency fund should focus their goals to purchase a single company stock. Be careful of what you advise because others who don't understand the market could read your article and agree that BRK.B is the way they should go.

re: Stop frittering away the fruits of your frugality

Carlitos — Fri, 23 Nov 2007 15:07:25 GMT

Nice article. I'm going to stop my frittering ways today.