Comments on Investing Advice from BuffettTypePad2014-05-01T00:24:18ZNAhttps://www.freemoneyfinance.com/tag:typepad.com,2003:https://www.freemoneyfinance.com/2014/06/investing-advice-from-buffett/comments/atom.xml/FMF commented on 'Investing Advice from Buffett'tag:typepad.com,2003:6a00d83451bcbd69e201a3fd1928c8970b2014-06-06T21:53:53Z2014-06-07T14:01:29ZFMFhttp://www.freemoneyfinance.comDanielle -- He was the father of a boy my son played basketball with and we got to know him...<p>Danielle --</p>
<p>He was the father of a boy my son played basketball with and we got to know him over several years.</p>www.facebook.com/profile.php?id=1420029454 commented on 'Investing Advice from Buffett'tag:typepad.com,2003:6a00d83451bcbd69e201a3fd18faa8970b2014-06-06T17:02:30Z2014-06-06T17:02:31Zwww.facebook.com/profile.php?id=1420029454http://profile.typepad.com/6p0120a5f4bea4970cSJ says: I doubt if he was very skilled in investing and spent 12 hrs/week looking at his investments that...<p>SJ says: I doubt if he was very skilled in investing and spent 12 hrs/week looking at his investments that he could create much more income, but a mere 12 hours performing his career skills completely replaced his need for that entire nest egg altogether.</p>
<p>We could draw a healthy retirement now too. But wife and I also work our own businesses a few hours/week. So not only do we not need to touch nest egg, delaying retirement withdrawal increses it 7%/year.</p>Danielle commented on 'Investing Advice from Buffett'tag:typepad.com,2003:6a00d83451bcbd69e201a73dd3b292970d2014-06-06T16:52:26Z2014-06-07T14:01:29ZDanielleI didn't realize you had a mentor for getting started in real estate investing. How did you find him or...<p>I didn't realize you had a mentor for getting started in real estate investing. How did you find him or her?</p>KT commented on 'Investing Advice from Buffett'tag:typepad.com,2003:6a00d83451bcbd69e201a511c86b76970c2014-06-06T16:45:13Z2014-06-07T14:01:29ZKTFidelity also has a Four in One Index Fund called FFNOX which gets your diversification using index funds. Spartan 500...<p>Fidelity also has a Four in One Index Fund called FFNOX which gets your diversification using index funds.</p>
<p>Spartan 500 Index Fund - Investor Class 48.10%<br />
Spartan Extended Market Index Fund - Investor Class 11.67%<br />
Spartan International Index Fund - Investor Class 25.18%<br />
Spartan U.S. Bond Index Fund - Investor Class 15.03%<br />
</p>Old Limey commented on 'Investing Advice from Buffett'tag:typepad.com,2003:6a00d83451bcbd69e201a73dd3adc0970d2014-06-06T16:33:20Z2014-06-07T14:01:29ZOld LimeyIn case anyone is interested, Fidelity also has a S&P500 index fund called FUSEX with returns identical to VFINX.<p>In case anyone is interested, Fidelity also has a S&P500 index fund called FUSEX with returns identical to VFINX.</p>Old Limey commented on 'Investing Advice from Buffett'tag:typepad.com,2003:6a00d83451bcbd69e201a511c85faf970c2014-06-06T15:54:49Z2014-06-07T14:01:29ZOld Limey@Paul From 6/5/2005 to 6/5/2014 VFINX had a 7.30% annual return.<p>@Paul<br />
From 6/5/2005 to 6/5/2014 VFINX had a 7.30% annual return.</p>MechE31 commented on 'Investing Advice from Buffett'tag:typepad.com,2003:6a00d83451bcbd69e201a3fd18e53b970b2014-06-06T15:22:26Z2014-06-07T14:01:29ZMechE31Paul, are you talking about an annualized return or a cumulative return? M20's 7.3% number is right if you're looking...<p>Paul, are you talking about an annualized return or a cumulative return?</p>
<p>M20's 7.3% number is right if you're looking at cumulative return, but 5.62% is correct if you're looking at annualized (meaning each year the return compounds on the previous year's return)</p>MechE31 commented on 'Investing Advice from Buffett'tag:typepad.com,2003:6a00d83451bcbd69e201a511c85452970c2014-06-06T14:51:49Z2014-06-07T14:01:29ZMechE31Paul, 10 years ago VFINX had a price of 103.97. Today it has a price of 179.57. That would give...<p>Paul, 10 years ago VFINX had a price of 103.97. Today it has a price of 179.57. That would give you an annualized return of 5.62%.</p>M20 commented on 'Investing Advice from Buffett'tag:typepad.com,2003:6a00d83451bcbd69e201a3fd18df68970b2014-06-06T14:49:10Z2014-06-07T14:01:29ZM20@Paul, Yes, VFINX came out on top of your portfolio with ~7.3%. This is price-only; it'd be even better if...<p>@Paul,</p>
<p>Yes, VFINX came out on top of your portfolio with ~7.3%. This is price-only; it'd be even better if we were to consider reinvested cap gains and dividends. I've owned this fund and its variants for over 20y.</p>Paul commented on 'Investing Advice from Buffett'tag:typepad.com,2003:6a00d83451bcbd69e201a73dd38729970d2014-06-06T13:17:04Z2014-06-07T14:01:29ZPaulI retired from the USAF in 2002, and then started a second career at a non-profit company. I've tracked my...<p>I retired from the USAF in 2002, and then started a second career at a non-profit company. I've tracked my 403(B) performance over the past 12 years, and noted a cummulative rate of return of 6.3%, which is quite a bit lower than what I expected it would be. This includes approximately a 75/25 stock/bond mix, with approximately a 2/1 domestic/foreign mix on the equities, which I thought was moderately aggressive for my age. My 403(B) doesn't allow for an index fund option, but I'm curious if I had VFINX over the same 12 years if it would have beat 6.3% (including the crash of 2008)?</p>SJ commented on 'Investing Advice from Buffett'tag:typepad.com,2003:6a00d83451bcbd69e201a73dd37a93970d2014-06-06T11:48:37Z2014-06-07T14:01:29ZSJI still love the "what if you were 30 and had $1M and no time for full time investing" answer...<p>I still love the "what if you were 30 and had $1M and no time for full time investing" answer he gave of "I’d put it all in a low-cost index fund that tracks the S&P 500 and get back to work". </p>
<p>Even with $1M to invest, its still easier to grow your net worth by working hard and advancing your career than eeking out another percent, even if you can pull it off. Or even just working at all. It struck me when I asked my dad, who was still working a day and a half for his employer of 40 years, if he'd ever retire. Besides giving him something to challenge his mind, He said the 12 hours of work plus his and moms SS was enough to live on and it was nice to not have to even touch his nest egg yet. </p>
<p>I doubt if he was very skilled in investing and spent 12 hrs/week looking at his investments that he could create much more income, but a mere 12 hours performing his career skills completely replaced his need for that entire nest egg altogether.</p>