No. of Recommendations: 1
BTW, Dear Uncle, we know you don't want to cause a panic but please call Becky and share your current thoughts with respect to retired investors being overweight SPY at the current valuation, current over concentration, rule changes to provide liquidity for new issue whores and private placement speculators etc.
Mr. Buffett in 2014: "...I've told the trustee to put 90% of it in an S&P 500 index fund and 10% in short-term governments...anybody will do fine with that. It's low-cost, it's in a bunch of wonderful businesses and it takes care of itself."
None of that has changed, so I don't think his opinion will have changed.
And if it did, what else could he recommend anyway? A total world index fund eases the concentration a bit, but then it's not a pure bet on America.
He did also say "Vanguard would be fine, and Berkshire would be fine...I wouldn't want to be touting Berkshire to people generally. I have no problem touting the S&P500, and low cost".
