Never Sell

Interesting, I always thought that Buffet’s rule 1 - is to never sell?? Or have I got it wrong

Traders betting against airlines made $188 million in a single day after Warren Buffett said he sold all his shares | Markets Insider

 

Yeah I think it is never sell... with the caveat of.... unless the underlying fundamentals and/or future prospects of the business change, effecting your initial view and valuation.

 

Ok, stay clear airline stocks, could apply to Australia too?????

 

Buy the market and never sell is my rule, anything can happen to an individual company or sector, the whole market however?

Note - I’ve still to date never sold a single stock

 

I think the rule works as intended with index funds and ETFs.

It's harder to stick to once you're dealing with individual stocks.

 

I don't plan on dying with approximately $2-3mil worth of shares and no heirs. I'll happily sell some of it down later on in life. Haven't sold anything yet.

 

could quite easily live off the dividends which is very nice

 

Didn't you pump 365k into vas recently????

 

You reckon?

 

Yes, that was in about August last year. We are not yet retired and are still building our portfolio. Our initial and largest VAS purchase was December 2018 when by pure luck we were ready to buy in right at the bottom of that 20% drop. In between those lump sumps we've been sticking to our plan and buying whenever we have $15k.

As for selling, as I've learned more, I've found myself falling squarely into the "total return" camp and have no issue with the idea of drawing down the capital as needed to supplement dividend income.

 

I see how my post has been interpreted and to clear up the confusion, my wife and I do not have a $2-3mil portfolio yet. We are still building our portfolio. However, based on our plan a $2-3mil portfolio around the average life expectancy age is very likely if we did not draw down the capital at all.

 

I assume you are leveraging to do this

 

We started out in property and still have some IPs. Used leverage. But to be completely honest, the overall portfolio has not had stellar returns.

The major portion of our portfolio has been built through savings and the $365k in August last year was the proceeds of selling our PPoR. For the last 6 to 8 years we have both been on pretty decent incomes with no children and live a pretty simple life. The plan is to retire in 4 years with a debt free PPoR and portfolio that should enable us to comfortably live on the dividend income with a decent buffer. We will then be happy to cautiously sell down capital to fund any emergencies or things like holidays etc.

 

Fantastic, sounds like a great

I always wonder why everyone has to have children, its a budget killer

 

We have fur babies instead! There's a few expenses with them but not even in the same league as human rugrats! haha

But seriously, the idea of having children is so entrenched in society that it's weird how some people react when we say we have chosen to not have children. A few gems we've had said straight to our faces...
"So you just want to spend all your money on yourself then"
"That's such a selfish decision"
"Oh it's so sad you can't have children" (like what? did you hear me say it's our choice?)
"So I guess you have no problem with my children paying for your pension then"

But my personal favourite....
"So who do you think is going to look after you when you are old?" (if your reason for having children is for someone to look after you then you should sit down and have a good long think!)

 

Thats so funny, heard it all before

So much pressure in society for couples to have children

 

Apple sell out as
Warren Buffett sold more than $800 million worth of Apple stock last quarter | Markets Insider

 

He is a fraud...and been insider trading/investing for a very very long time.

 

Has this been proven or has he been charged for insider trading? Would love to read about the case

 

I can better that !
I have never sold and never will ever and ever.
Ps I brought ansett and virgin shares :-(