Bill Smead, chief investment officer at Smead Capital Management, joins CNBC’s ‘The Exchange’ to share his reactions to Berkshire Hathaway’s annual meeting over the weekend.
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After retiring recently, I'm uncertain whether my 401(k) and IRA will ensure a stable future. With $1 million set aside, I'm seeking an approach that matches my risk tolerance and financial objectives. Would you recommend investing in stocks or purchasing rental property?
The idea of buying and investing at low prices and selling it at high prices was probably developed by Warren Buffett and Charlie Munger. I have witnessed this many times in my life, as Warren Buffett stated. not a financial manager. We never made more money than middle class wages, my wife and I. With a $4 million stock portfolio, we intend to retire at age 58. We have never sold even one share of stock before.
I have been a dividend focused investor for a long time. This does not mean I don't own growth stocks, I do. A well rounded portfolio should be a mixture of both categories. I invest in the market, but never put all my money in market.
Taking early notes from Warren as to the importance of sound asset diversification and risk management It can't be overstated. I've been trying to grow my portfolio for sometime now and it’s been stagnant, I would greatly appreciate any other suggestions.
@douglashagan2795
40 percent correction coming!