"The less prudence with which others conduct their affairs, the greater the prudence with which we should conduct our own." – Warren Buffett
This is just a quick sort of diary/placeholder post that I will plan to go back and update a bit at some point in the future.
I am considering purchasing some Greenlight Reinsurance (GLRE). GLRE is David Einhorn’s Cayman/Irish domiciled reinsurance operation, which has an investment management agreement with his hedge fund. So basically it is a reinsurance operation with investments handled by Greenlight. Continue reading “Greenlight RE”
I am going to try and regularly do a quick post on some nice online resources available for investors. The first of these is the asset allocation tool on the Research Affiliates website. Continue reading “Resource Roundup: Research Affiliates Asset Allocation Tool”
This will be a quick post. I wanted to suggest a few “year end” sort of personal finance moves for the more retail investor types among us.
First, you should max out your tax advantaged accounts. If you are unable to max them out for 2017, you should increase your contribution in the new year to move in that direction. In the future, I plan a post about why we should automate our savings. For now, pay yourself first by automatically saving. If you are not able to max out available tax advantaged accounts, consider increasing your contributions by 100% of any raises you receive (50% if you are particularly strapped for cash). I will leave the Roth versus Traditional analysis for your consideration. Go to the MadFientist blog for more information to be used in making your decision.
Second, you should consider buying $10,000 (or whatever you desire your bond allocation for this year to be) in U.S. Treasury Series I savings bonds (“I Bonds”). There are compelling reasons why investors should purchase zero additional bonds until they have purchased all of the I Bonds the U.S. allows each year. Continue reading “Series I Treasury Bonds”
Just a quick post to record my thoughts for future evaluation. I purchased WisdomTree (WETF) earlier this year for ~$9 per share. I am going to sell 2/3 of the position @ ~$12 and just let the 33% profit run (in a tax deferred account, or I would not bother). The basic evaluation when I bought was that I liked the business, insiders/founders are in control (reducing principal-agent conflicts), and it was trading with an enterprise value of around 2% of AUM. Continue reading “WETF Update: Winter (Vanguard) is Coming!”