My Thoughts on Warren Buffett's Letter to Berkshire Shareholders | Live Q&A
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- เผยแพร่เมื่อ 4 มิ.ย. 2024
- I'll start tonight be sharing my thoughts on Warren Buffett's letter to Berkshire Hathaway shareholders. Then I'll answer your questions.
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Timestamps
0:00 - Welcome to the Financial Freedom Show!
1:53 - Warren Buffet's Letter to Berkshire Shareholders
20:07 - Plan for retirement
25:30 - Chess
25:55 - Early retirement asset mix
33:10 - Tax Gain Harvesting
37:49 - Interesting comment
40:50 - Paying dividends and create cash
42:16 - SCHD in a brokerage account
42:59 - Ben Felix
48:00 - The Back Mechanic
49:59 - XT
53:08 - 5% on cash with no risk
56:20 - Large pre-tax balances/single filer
1:00:16 - International portion at 20% instead of 40%
1:01:36 - Trying out retirement
1:02:57 - Downsides to a full roth conversion
1:06:29 - Ladder bond holdings
1:11:30 - Warren Buffet's 90/10 portfolio
1:14:19 - Asset allocation to grow bond mix
1:16:14 - First in First out
1:17:35 - Hebeler approach
1:19:33 - Creating a paycheck in retirement
1:22:16 - 100% fixed income
1:24:25 - Fidelity Cash Management account
1:27:44 - Chess problem
1:33:00 - Donor advised fund
1:42:26 - Announcements
1:43:16 - Financial Freedom
#retirement #investing #robberger
ABOUT ME
While still working as a trial attorney in the securities field, I started writing about personal finance and investing In 2007. In 2013 I started the Doughroller Money Podcast, which has been downloaded millions of times. Today I'm the Deputy Editor of Forbes Advisor, managing a growing team of editors and writers that produce content to help readers make the most of their money.
I'm also the author of Retire Before Mom and Dad--The Simple Numbers Behind a Lifetime of Financial Freedom (amzn.to/3by10EE)
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DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. Your investment and other financial decisions are solely your responsibility. It is imperative that you conduct your own research and seek professional advice as necessary. I am merely sharing my opinions.
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Rob, please read Professor Cederburg's paper and discuss it after reading. It is a serious paper.
I always enjoy your video but I was disappointed to hear your review of Dr. Cederburg’s work without reading it. Many are doing this and getting the insights muddled. His interview on rational reminder podcast is very thoughtful and nuanced. An important concept in his work is modeling long term outcomes with long horizon data not 1 month of 1 year volatility. Is the risk to a long term portfolio best measured by volatility or the inability to meet long horizon spending goals?
Thank you for what you do
Thanks Rob! You make everything easy to understand. 😀 I love it that you make it like a conversation…
Thanks Rob!
Waiting for chapters to be added.
Skagway train on my bucket list. Thanks for reinforcing.
Enjoy being in the weeds with you Rob 🙂
I like your idea about Dough Rollers talking about small business.
Yes
Thank you. You need a better chair? ergonomic?
Bob do you workout regularly? You need to hire a trainer and start lifting some weights so you back is stronger. You will be overall healthier. Old men lose muscle and health.
He mentioned trap bar dead lifts so dude sounds like he knows a thing or two about the gym lol but I agree doing some PT / light training to strengthen that back is key
50:55 top holding is less than 1% so surely all the big weightings in your tracker will be heavily underweighted in this fund so the overlap won't be very high. it will overweight the smaller ones.
Rob: How to rebalance when you never have to sell any stocks? I’m confused, I rebalance annually and sell stocks annually, to buy bonds.
Retiring at 40 at 25k/year you'd likely be looking at needing a $850,000 portfolio of 60/35/5 with a 2% withdrawal and a minimum of $25k. It could work based on FICalc, but I could never do it or even attempt to plan it out.
He’s not dumping See candy any time soon😊
You discovered LULU lemon haha. It’s the best stuff for guys.
44:06 TBF in the two Ben Felix videos Prof. Cederburg doesn’t say everyone should own 100% stocks. He just translated what extensive analysis of the study data showed incl limits and caveats. Easy to find the paper. Retired if working over # hrs per wk incl YT or other social media channel? Employee (of YT/Google/FB etc) or biz owner? In Canada more then one client for biz. Retired if earning rev/$ thru social media channel? In Cda flow income and hold investments in sml corp to min income and taxes (maybe qualify for benefits. See an accountant. Prob same in U.S.
I always enjoy your video but I was disappointed to hear your review of Dr. Cederburg’s work without reading it. Many are doing this and getting the insights muddled. His interview on rational reminder podcast is very thoughtful and nuanced. An important concept in his work is modeling long term outcomes with long horizon data not 1 month of 1 year volatility. Is the risk to a long term portfolio best measured by volatility or the inability to meet long horizon spending goals?
Thank you for what you do
Building a business can be interesting and exciting. I’m trying to think about allocation of capital for the best return and not get emotionally involved. I have, with my brothers, two insurance agencies and a car title company and I work on the marketing part of the business. So I’m thinking it’s fun to work with my brothers that’s the best part but building the businesses is the next best thing and hopefully retirement income and for our children and grandchildren. So it’s exciting. I really enjoy your show so keep it up. 😊
@robberger The Berger-ites storm the Berkshire Hathaway annual shareholder meeting. I can see it now...Also, Ohio State every year ? Please stop dreaming.
Lulu felon?
I have a small consulting business after retirement at age 72.
Is it socially acceptable to shop at Lululemon if you are both male and heterosexual?
No
Casey Niestat did a commercial for them and a video about it. He likes the pants too.
Liberal menstruating men shop there all the time
Liberal menstruating men shop there all the time
it always has been. it was socially acceptable to buy men's stuff from Victoria's Secret when they sold men's stuff, too. Then again, it always has been socially acceptable to buy opposite gendered clothing...what was all that powder puff stuff about?
That $25 million dollar locomotive on Berkshire's statement would be $75 million on Trump's statement (if he owned a railroad). They call that "alternative accounting".
One hour forty ? Really man
It’s a live stream. He does a ~2 hour show I think it’s every Sunday
Robert, I truly love your content, but your videos are extremely long, especially when many well-qualified YTbers are competing with you. I'm afraid I am going to need to unsubscribe for practical reasons. Good luck.