Subject: Re: Bogle , back to the real world,
Man, that RSP return is quite depressing.
The instructions in my will are to liquidate all my positions, including a pretty big slug of Berkshire, and put the equity position in RSP.
My reasoning?
I don't know how Berkshire will unfold, and I won't be here to watch it, so it makes sense to put the money into a broad-based index fund where less watching is required.
The obvious answer is the S&P 500, but I have a general disdain for it, which feels quite contrarian these days, and so the next best option is RSP.
The return won't be the best, but also won't be the worst, which is the middling option I'm looking for.