02-04-2020, 11:23 AM
I am not a fan of bonds. For anyone of the opinion that equity valuations are generally overstretched (I think so), they should be equally concerned about bonds. The bull market in bonds started in the early 1980s, and we are currently experiencing bond valuations that are unprecedented in the history of global bond markets. Reversion to mean will be a bloodbath if it ever occurs.
I share Warren Buffett's opinion on Gold. It is not an investment.
I also share his general view of buy and hold being the way to make and keep money. Pick solid dividend growth companies with decades of dividend raises under their belts, safe balance sheets, and buy them at a fair or better value, and you can get rich slowly while the magic of compounding does its work. It takes a certain mindset, and willingness to be patient, but anyone who stayed invested in a diversified basket of Dividend Kings and Dividend Aristocrats for the past 20-30 years is probably pretty pleased with their portfolio today.
I share Warren Buffett's opinion on Gold. It is not an investment.
I also share his general view of buy and hold being the way to make and keep money. Pick solid dividend growth companies with decades of dividend raises under their belts, safe balance sheets, and buy them at a fair or better value, and you can get rich slowly while the magic of compounding does its work. It takes a certain mindset, and willingness to be patient, but anyone who stayed invested in a diversified basket of Dividend Kings and Dividend Aristocrats for the past 20-30 years is probably pretty pleased with their portfolio today.