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Bank of America Corporation Message Board

mebarrett 2 posts  |  Last Activity: Oct 28, 2014 1:30 PM Member since: Jan 30, 2000
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  • Reply to

    Went all in on Gilead (entire 401K)

    by lightdoesnotage Oct 28, 2014 8:50 AM
    mebarrett mebarrett Oct 28, 2014 1:30 PM Flag

    I wonder, is this real or just somebody having some fun? Attention seeking perhaps? This is so stupid that I feel stupid replying!

  • mebarrett mebarrett Oct 22, 2014 6:30 AM Flag

    I have thought about this, and there was an article on Seeking Alpha ( a much, much better) discussion board than Yahoo IMO), about just creating what is called a mirror fund-- to own the same things as BRK but being able to receive the dividends directly without tax in a Roth IRA. Also, as a small investor one can be much more nimble and grab stocks when the spike downwards. BRK has to by in the millions, so it is not able to do this as efficiently.

    However, what this author overlooks is that Warren is buying and selling long before we hear through quarterly reports etc (unless he chooses to disclose current buying or selling). Warren also has access to many sources of income that we don't (like Geico or Sees Candies), or the really sweet preferred stock deals, like the ones he did with banks during the collapse. Plus, he has to worry about all these gyrations. So, I decided to put a sizable amount with Warren and then take his advice and by a total market etc and some fixed income to provide some balance. I did buy one stock, GILD, but I have sold the rest.

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