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So of the folks on here who got FU money - how do you invest it? Do you actively manage it or have a manager? I saw something on HN a while back called the pe
by barmstrong 16y ago
So of the folks on here who got FU money - how do you invest it? Do you actively manage it or have a manager?
I saw something on HN a while back called the permanent portfolio which looked simple and conservative (25% stock, 25% bonds, 25% gold, 25% cash) and was curious if any rich folks out there are using that in practice.
- jcl 16y agoSome prior articles: http://news.ycombinator.com/item?id=1383376 http://news.ycombinator.com/item?id=1383376 http://news.ycombinator.com/item?id=1060019 http://news.ycombinator.com/item?id=1060019 http://news.ycombinator.com/item?id=1460852 http://news.ycombinator.com/item?id=1460852 http://news.ycombinator.com/item?id=1447428 http://news.ycombinator.com/item?id=1447428
- isamuel 16y ago25% gold and 25% cash? I'm not an investment expert. But this seems like a pretty bad idea to me. For one thing, just holding currency is pretty much a guaranteed way to lose money, given inflation. And I always understood gold to be a sort of hedge against currency failure, war, and that kind of thing---which makes it odd to keep just as much currency as gold. Non-expert investors should basically just buy index funds and hold them, transitioning them slowly to less volatile bonds as they get older and are more vulnerable to risk.