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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: jetjockey787   😊 😞
Number: of 12509 
Subject: Re: Can't belive I did that
Date: 08/29/2024 9:30 AM
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LongTermBRK,

That was a beautiful post. Thank you. LTBH isn’t as dead or boring as some have suggested. In fact, it’s damn exciting to read about results like that — a good reminder that if you have the behavioral iron clad discipline and patience to sit on your hands, good things may come in time.

“It’s very tough to just, in Charlie’s words “hold the damn stock”. Few can do that.”

I’m pasting this quote above my desktop 🖥 where I’ll see it every time I logon to my accounts and get itchy fingers on the keyboard.

Hypocrite though I am, I have nevertheless finally set limit orders that may soon get filled for both my ROTH and 401k, after 26 years of sitting on my hands. Its been quite a ride.

This is simply an advantageous time for me to readjust my asset allocation from a 85% heavy concentration in BRK to something around 60% or so. I will still hold the lion’s share in the taxable account, never to be sold, which I intend on giving all away to charity upon my passing.

Contrary to subtle innuendo I read earlier, I’m paying my fair share of taxes along the way, especially through means testing for things like Medicare premiums, SS, etc. I pay a boatload of taxes ever year. I’m also deferring a large portion of them, and not avoiding them. I’m just going about it in a different way, rather than let the government mismanage tax revenues through wasteful spending, which arguably has also contributed to the parabolic explosion of our debt to 35 trillion and counting. The tax code approves of my deferral and allows me to give back to the needs and welfare of others without confiscating that legacy wealth at the end of my life. I’ll be fulfilling the intent of the tax code, except I’ll have the freedom to allocate those revenues to entities of my choice. I like the sound of that…it’s almost like a “freedom tax,” or a “liberty tax.” That’s also why I live in NH. “Live Free or Die.”



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