NoFeeBoards.com!

No Fees! No Ads! No Spam!

Log in Register FAQ Memberlist Search NoFeeBoards.com! Forum Index

Gold and Energy
Goto page Previous  1, 2
 
Post new topic   Reply to topic    NoFeeBoards.com! Forum Index » FIRE Board
View previous topic :: View next topic  
Author Message
peteyperson
**** Heavy Hitter


Joined: 26 Nov 2002
Posts: 525

PostPosted: Fri Sep 26, 2003 5:27 am    Post subject: Reply with quote

Thanks for posting, Kramer.
Kramer wrote:
Hi Petey,

The Bernstein article refers to prior research (via a link at the beginning) that covers a shorter period, from 1969-1996 or so. For an asset class with such a high standard deviation, and that is so influenced indirectly by governmental decisions with respect to the gold standard, it is hard to think about using time scales shorter than that. Yes, that leads to uncertainty about the asset class in general.

I took a 3% allocation. My portfolio has about doubled in the last three years, so it is still 3%, since the value of the Vanguard fund has roughly doubled in that time. When I got religion about owning low cost passively managed asset classes only, I strongly considered selling it, but decided not to because of the capital gains taxes I would have had to pay. The fact that is has steadily gone up, combined with the new lower dividends taxes, makes me happy about my decision not to sell Smile I used the same logic in deciding not to sell my Berkshire Hathaway stock. Those are the only two actively managed funds/stocks I own.

I think you can make a case for inclusion or exclusion from a portfolio. For me, it is really on the bubble as far as investable asset classes go.

Kramer


Back to top
View user's profile Send private message
Display posts from previous:   
Post new topic   Reply to topic    NoFeeBoards.com! Forum Index » FIRE Board All times are GMT - 9 Hours
Goto page Previous  1, 2
Page 2 of 2

 
Jump to:  
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum


Powered by phpBB © 2001- 2004 phpBB Group
Designed for Trushkin.net | Styles Database