Reply to I told you to buy gold months ago

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[quote=Anonymous][quote=Anonymous][b]I've been buying Berkshire[/b] because they hold 30% in cash - I feel like they are being conservative and waiting for the right buying opportunity, which aligns with my wishes, but I'm not a professional investor, so I'd rather invest in a conservative conglomerate.  [/quote]

Thanks for the reminder — this is timely because I’ve been thinking a lot about where to put new money right now.

I’m somewhat hesitant about continuing to add heavily to broad passive index funds, because the market feels increasingly concentrated in a small number of very large names, and I’m concerned that a correction in those stocks would disproportionately affect index performance.

I do own some physical precious metals, but at current prices I’m not inclined to add more. I also avoid metal ETFs because of the structure of those markets and the large volume of financial contracts relative to physical supply, which makes me uncomfortable with the counterparty and pricing dynamics.

Over the past year I’ve been adding municipal bond funds, but I’ve started to worry about the fiscal health of certain states and municipalities, as well as the broader risk that long-term inflation could erode the real value of fixed-income returns.

So I’m looking for places to stay invested, but in a way that may be more resilient if we enter a prolonged or uneven market environment. Berkshire Hathaway has come to mind as one possible option, since it provides equity exposure but with a more diversified and conservative profile than the overall market.[/quote]

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