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Re: gfp927z post# 31

Friday, 08/26/2016 6:09:26 PM

Friday, August 26, 2016 6:09:26 PM

Post# of 197
You've probably read in my IHUB bio where I posted that the core on my portfolio is index funds. I bought Vanguard's Total Market Index Fund nearly 30 years ago. Added SPY and QQQ more recently. Only have about 14 individual stocks. Stuff like 3M, UPS, Travelers Insurance, Rockwell Automation. Owned the same stocks for years.

Two of my holdings have been lagging this year: Walgreen's and Skyworks Solutions (SWKS), an old spinoff from ROK. Everything else is within a few % of a record high.
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Similar to what you said about this board, I use the two BRK boards to save some interesting things I find online, mostly about Buffett/Munger but not always.

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I invest according to about 15 fairly rigid rules. Most are well known Buffett-type rules. I trade less than him. I stick to the NYSE and think most investors should. Walgreen's just moved from the NYSE to the NASDAQ; CTAS and SWKS are large cap NASDAQ. Saw tons of junk list on NASDAQ's lower tiers in the late 1990s. I think you get a bit more fraud protection from the NYSE. The 2,500 NYSE stocks are enough for anyone to select from. Enron aside, NYSE frauds are very rare.

I avoid cutting edge tech (like bio). My portfolio has done fabulously since The Great Recession, but nothing is cheap anymore, as you've observed.



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