patrick.net

Following up on my recent posts (and thanks for all that had some input). I sold all of my IUSG today which was a little over 10% of my stonks. I kind of freaked out last week when I checked it's main holdings and it's at 13% for Nvidia.

Even Stalwarts SCHB and VTI are around 7% Nvidia. These two constitute over 50% of my stonks so I still have plenty of exposure to AI.

Waiting for funds to settle and I'll put it in DGRO. No single stock is more than 3.5% of the total and it has big tech but also big pharma and consumer staples.

I may do a large cap energy ETF because I do believe the future is oil, gas, coal, and nuclear. Nobody can convince me that Solar or Wind will ever produce more energy than it costs.

Any idiot can diversify a portfolio.
Diversification is for the know-nothing investor.

-- Charlie Munger

Eric Holder says

Diversification is for the know-nothing investor.

The only person who is not a "no nothing investor" is an insider trader. The rest of us are making out best guesses.

Eric Holder says

Any idiot can diversify a portfolio.
Diversification is for the know-nothing investor.
-- Charlie Munger

So be it as far as being labeled an investing idiot but still earn on average about 9% to 10% annually after inflation on your retirement savings accounts for 25 to 35 years.

AD says

Eric Holder says

Any idiot can diversify a portfolio.
Diversification is for the know-nothing investor.
-- Charlie Munger

So be it as far as being labeled an investing idiot but still earn on average about 9% to 10% annually after inflation on your retirement savings accounts for 25 to 35 years.

Charlie would not have been impressed.