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Subject:  Re: MF as basis for IRA investments Date:  2/27/2014  3:10 PM
Author:  ptheland Number:  74303 of 88532

Buy an S&P 500 Index fund.

If you feel like doing something more active, put 60% into the S&P 500 index fund and the remaining 40% into Berkshire Hathaway. Then read the BRK board once a week. When folks there start talking about the stock getting close to IV (you'll learn what that is by reading the board), sell half the BRK and reinvest it into the index fund.

On the day you sell, go out to that nice dinner spot again. You'll likely be able to well afford it.

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