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Re: NewJerichoMan post# 220

Thursday, 10/08/2020 8:36:45 AM

Thursday, October 08, 2020 8:36:45 AM

Post# of 329
Yes, I know about the ludicrous 2/20 formula, common for hedge funds to charge. I'm an accredited investor so I could buy such investments but I don't because they usually do poorly. I do own Berkshire Hathaway which can be thought of as a hedge fund but with almost zero fees. Its top two execs, Buffett and Munger, are paid $100,000 a year each.

BRK has long owned a tiny amount of UPS and may be adding now.

As I recall, I'm eligible for some free trades from my two brokers. I've made one trade this year (to slightly trim a holding that had grown very large). Two years ago I made two stock purchases. Thus, free trading means nothing to me. Free or very low cost stock flipping is one of the worst things to happen to the masses of investors during this long bull market.

Prudent Capitalist is correct about UPS being a good buy/hold div-payer. I've owned it since about 2008 when it was about $50.


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