I am a 58 year old resident of Houston, TX, and a 35 year employee of Shell working initially as a Petroleum Landman and later in new business development and international contracts and negotiations. Business graduate from Southern Mississippi and later MBA Belhaven College. I have learned over the years from a study of the principles taught by Warren Buffett, Jack Bogle, Bob Brinker, Seth Klarman and now David Stein. Presently my portfolio is 20 percent land (agriculture, timber), 40 percent bonds and 40 percent equity. Equity is about half index and half individual shares (dominated by dividend and oil stocks, visa and MasterCard). I have lived through 3 substantial market drops in my investing career, and sold at the bottom of the first two, an emotional decision, and invested heavily in the last one which was clearly beneficial. The best learning I have from investing is that no one portfolio fits all investors – you have to get comfortable emotionally with what you own and why you own it. Index assures you never underperform, individual shares can specialize in dividend growth providing increasing income stream for life, land provides inflation hedge and bonds give hedge against downside and capital to invest for upside situations (like 50 percent equity drop).
Keith, I love this thought of yours, “The best learning I have from investing is that no one portfolio fits all investors – you have to get comfortable emotionally with what you own and why you own it.” So true. Thanks for sharing more about your portfolio and financial journey.
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