Dude, when talking investment 1 Bob is as important as 1 Billion. The same rules that are involved in growing the 1 Bob apply to the Billion.
Whether your corpus is worth 100K or 100B you need to make your money work for you.
Caveat: i am not taking anything from your opinions, Of course you are entitled to them. ploease try to restrain yourself from lashing out with tirades.
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Where am I lashing out and where is the tirade? I thought we were all taught comprehension in our younger years?
Anyway either you missed my point or did not read what I was writing. My point is IF you are a kawaida mwananchi, nearing "retirement" age AND you are depending on your Ka portfolio to provide the income for the sunset years, it behooves you to diversify some of your stock holdings to assets where the entire principle is not exposed.
If the market tanks, it will come back. But for someone nearing retirement,with no other income source this may mean working longer while the portfolio recovers. My underlying assumption again is if you are depending in this maney to fund your retirement.
As to your point, well duh! I suppose this last statement will qualify as a tirade now?[/quote]
If i get you right, you are saying that if the market tanked, it would not affect people like WB.
Do you have a n idea of how many wealthy americans committed suicide after the great dpresssion?
Life is short. Live passionately.