MediumTex wrote:
If you took all of the stocks that have been and will be listed in this thread and put together a portfolio consisting of 50% those stocks and 50% 10 year treasuries and rebalanced it annually, I believe most people would be pleased with the results. That's just my intuition.
I was thinking along similar lines.
(1) I can do without gold altogether, but I am happy to hold it in the pp because, well, Harry Browne is smarter than I am.
(2) I wouldn't want to be in all stocks at this stage in life (early forties).
(3) Though I use an index for the pp, I have 50-60 individual stocks, most of which have served me well. All the analysis at bogleheads, all the anti-dividend info from Larry Swedroe et al, and all the king's men cannot persuade me to get rid of these shares once and for all. If the pp constitutes my core, and if I grow the pp rather than the vp, I don't see much harm in holding onto these great stocks plus five- and ten-year notes.
One difference:
A sprinkling of stocks that I would not buy if they were the one stock I would consider buying and holding for life: DDD, IRBT, TSLA, DGI (formerly GeoEye). Why not? As long as it remains a sprinkling.