Inflation may be sticky and being 80% in CDs is eroding your wealth even if you don't need it.

I didn't say "80% in CDs," as you can see. In any event, the CDs are averaging just under 5% yield. Most of the rest of the balance is in money market funds paying 4.8%, and I can move it into attractive equity investments with 1-day notice. I'm finding attractive opportunities to be scarce these days.

Happily, Simpson Manuf (SSD), which I noted here (well, in the old TMF site) some months ago hit a 52-week high today. General Mills (GIS), which I also noted here to the sound of crickets, also trundles along nicely. And I'm happy with my stakes in V, MA, GOOG, and other usual suspects.

In any event, my wealth is hardly eroding. It's grown in real (inflation-adjusted) terms in the decade since I retired. I know what I'm doing, and what I'm doing fits me well, even if may not fit you.

Cheers.

Berkshire Hathaway FAQ

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