Mirror Finish Polishing ~ 1-816-529-6089 ~ sales@mirrorfinishpolishing.com ~ mirrorfinishpolishing.com For the best rate on home, auto, life or business/commercial insurance call me at 888-959-0955, cell 636-734-1310 or bricehazelwood@weiss-ins.com. Never Done Garage - donewhenimdead.com Peerless Automotive Reconditioning - 1155 W. Dennis Ave, Olathe Ks, 66061 - 913-893-1201 Mark H. Epstein ~ The Epstein Law Firm, LLC ~ 913-396-5123 Wilkes Automotive ~ wilkesautomotive.com ~ 246 Marion St, Olathe, KS 66061 ~ 913-254-7171 Skandalous Inc ~ www.skandalousinc.com DIY Auto Repair Inc ~ www.diyautorepairkc.com ~ 11509 Strangline Rd, Olathe KS 66062 ~ 913-226-3806 Your advertisement here! The Law Offices of Jeremiah Johnson, LLC ~ 104 E. Poplar, Olathe, KS 66061 ~ (913)764-5010 ~ www.kcatty.com - www.johnsoncountydui.com ~ jeremiah@kcatty.com Santa Fe Body, Inc ~ 8717 Lenexa Drive, Overland Park, KS 66214 ~ (913) 894-6090 House of Boost LLC Nude? HouseofHID.com - The #1 source for HID The Print Shop KC 816.200.6694 or Ryan@RMD-Photography.com the art of tyleR ~ http://tyleR.bigcartel.com ~ TYLERcoey.com ~ MUTTtoy.com ~ MUTTtoy@gmail.com W-K Chevrolet Buick Pontiac Cadillac GMC ~ 3310 W. Broadway, Sedalia, MO 65301 ~ 800-382-5088 ~ Cell 660-553-8928 ~ dustin@wkchevy.com ~ www.wkchevy.com

Go Back   KCSR - THE Kansas City Forum > General Forums > Business, Finance

Reply
Thread Tools
Unread 2015-06-17, 09:41 AM   #1
Dave B
 
Join Date: Mar 2004
Location: Creating DaveBisms
Posts: 11,886
Post Thanks / Like
Thanks (Given): 15
Thanks (Received): 132
Likes (Given): 24
Likes (Received): 998
Dislikes (Given): 4
Dislikes (Received): 63
Default Anyone own Berkshire Hathaway stock?

I was curious if anyone owns Berkshire Hathaway stock and how things have worked out. I'm at the point now where I'll mostly done with dealing with my broker and their fees and will start liquidating a managed account and possibly another with them. I'm likely going to go with Vanguard and do a few index funds and I'm also very interested in Berkshire Hathaway. My investment strategy has always been focused on the long haul and not a quick buck.

If anyone has BRK, please let me know how you've like it, how it's done for you, and how you went about buying it. Thanks.
Dave B is offline   Reply With Quote
Unread 2015-06-17, 10:11 AM   #2
ForcFed93
 
Join Date: Jul 2004
Location: Topeka KS
Posts: 4,049
Post Thanks / Like
Thanks (Given): 16
Thanks (Received): 93
Likes (Given): 331
Likes (Received): 656
Dislikes (Given): 2
Dislikes (Received): 29
Default

I got about a dozen Class A's.

No ragrets.
__________________
Post Thanks / Like - 0 Thanks, 1 Likes, 0 Dislikes
Likes 69Mach351 liked this post
ForcFed93 is offline   Reply With Quote
Unread 2015-06-17, 10:14 AM   #3
turbotuner20v
 
Join Date: Nov 2005
Posts: 15,563
Post Thanks / Like
Thanks (Given): 22
Thanks (Received): 80
Likes (Given): 50
Likes (Received): 990
Dislikes (Given): 4
Dislikes (Received): 10
Default

It would be hard for me to swallow putting $200,000 into a single share of stock.
turbotuner20v is offline   Reply With Quote
Unread 2015-06-17, 10:16 AM   #4
ForcFed93
 
Join Date: Jul 2004
Location: Topeka KS
Posts: 4,049
Post Thanks / Like
Thanks (Given): 16
Thanks (Received): 93
Likes (Given): 331
Likes (Received): 656
Dislikes (Given): 2
Dislikes (Received): 29
Default

Quote:
Originally Posted by turbotuner20v View Post
It would be hard for me to swallow putting $200,000 into a single share of stock.
BRK.b is only about $140/share today.
ForcFed93 is offline   Reply With Quote
Unread 2015-06-17, 11:59 AM   #5
Dave B
 
Join Date: Mar 2004
Location: Creating DaveBisms
Posts: 11,886
Post Thanks / Like
Thanks (Given): 15
Thanks (Received): 132
Likes (Given): 24
Likes (Received): 998
Dislikes (Given): 4
Dislikes (Received): 63
Default

Quote:
Originally Posted by ForcFed93 View Post
I got about a dozen Class A's.

No ragrets.
If serious then DAMN, son. Nice work! I'm not quite comfortable with buying Class A at the moment considering the buy-in. LOL. I was thinking purchasing quite a bit of Class B for now. My uncle turned me on to it over vacation right now and have been reading up on all the BRK propaganda. Overall, I'm pretty impressed.
Dave B is offline   Reply With Quote
Unread 2015-06-17, 12:08 PM   #6
DIYAutoRepair
**Sponsor**
 
DIYAutoRepair's Avatar
 
Join Date: Oct 2011
Posts: 4,829
Post Thanks / Like
Thanks (Given): 25
Thanks (Received): 192
Likes (Given): 71
Likes (Received): 1301
Dislikes (Given): 1
Dislikes (Received): 25
Default

Quote:
Originally Posted by ForcFed93 View Post
No ragrets.
He is in big with the current administration so he is doing well. I would be curious to see if a change in administration changes how it performs.

I would imagine he is good at playing both sides of the aisle and it will do just as well but I would curious to see how he changes his portfolios.
__________________
DIY Auto Repair
Fully equipped service bay rental by the hour
We also offer full service automotive repairs along with paint and bodywork
Visit us at http://diyautorepairkc.com/
or call (913) 226-3806

Favorite car from the past (73 Pinto)
DIYAutoRepair is offline   Reply With Quote
Unread 2015-06-17, 03:22 PM   #7
ForcFed93
 
Join Date: Jul 2004
Location: Topeka KS
Posts: 4,049
Post Thanks / Like
Thanks (Given): 16
Thanks (Received): 93
Likes (Given): 331
Likes (Received): 656
Dislikes (Given): 2
Dislikes (Received): 29
Default

Quote:
Originally Posted by Dave B View Post
If serious then DAMN, son. Nice work! I'm not quite comfortable with buying Class A at the moment considering the buy-in. LOL. I was thinking purchasing quite a bit of Class B for now. My uncle turned me on to it over vacation right now and have been reading up on all the BRK propaganda. Overall, I'm pretty impressed.
I was definitely not serious. However, how much is "quite a bit"? Remember, you can always convert one class A to 1500 class B shares, but you can't convert 1500 class B's into one class A.

Just something to think about.
ForcFed93 is offline   Reply With Quote
Unread 2015-06-17, 05:25 PM   #8
Dave B
 
Join Date: Mar 2004
Location: Creating DaveBisms
Posts: 11,886
Post Thanks / Like
Thanks (Given): 15
Thanks (Received): 132
Likes (Given): 24
Likes (Received): 998
Dislikes (Given): 4
Dislikes (Received): 63
Default

Yeah, i am aware of the conversion nature between the two classes. I'll likely stick to Class B and it will be 1,000+ shares.
Dave B is offline   Reply With Quote
Unread 2015-06-18, 09:04 AM   #9
jasman18
 
jasman18's Avatar
 
Join Date: Jul 2007
Posts: 2,667
Post Thanks / Like
Thanks (Given): 7
Thanks (Received): 39
Likes (Given): 19
Likes (Received): 247
Dislikes (Given): 2
Dislikes (Received): 18
Default

I don't see any problem with scooping some up as long as its part of your overall strategy.
I personally don't put more than 2% of assets into any single stock. BRK is now a conglomerate with diverse exposure to the overall economy but not quite enough for my tastes.
It has trounced the S&P over a few decades now so it's an easy buy. I personally don't buy *more BRK because it does not have any yield. In my personal strategy I would rather give up a little return for yield.

Full Disclosure: Long BRK.B
jasman18 is offline   Reply With Quote
Unread 2015-06-18, 11:10 PM   #10
Dave B
 
Join Date: Mar 2004
Location: Creating DaveBisms
Posts: 11,886
Post Thanks / Like
Thanks (Given): 15
Thanks (Received): 132
Likes (Given): 24
Likes (Received): 998
Dislikes (Given): 4
Dislikes (Received): 63
Default

Yeah, I'd say it's part of the overall strategy. I'll be putting a bit more than 2% of my assets into BRKB. I'm also going to grab a few Vanguard index funds. I'm going to liquidate my managed account to do this. I'm at the point where I want to be managing some of my own stuff and also reduce my tax burden and fees. I'm in this for the long haul. We're pretty well diversified with our Roth IRAs, a traditional IRA, work 401k, 529s for the kids, a small pension through work, some stocks, and a mutual fund account.
Dave B is offline   Reply With Quote
Unread 2015-06-19, 09:24 AM   #11
phreakdna
 
phreakdna's Avatar
 
Join Date: Sep 2008
Location: Leawood
Posts: 6,533
Post Thanks / Like
Thanks (Given): 150
Thanks (Received): 112
Likes (Given): 363
Likes (Received): 619
Dislikes (Given): 8
Dislikes (Received): 35
Default

my boss has a share or two of Class A. he and his Dad have owned it for years and appear to like it (based mostly on continued ownership) but it could be more of the 'prestige' part of it than a genuine investment perspective...

only experience I've had or anyone I know of has had.
__________________
Hamilton on requiring Congressional supermajorities "...its real operation is to embarrass the administration, to destroy the energy of government, and to substitute the pleasure, caprice, or artifices of an insignificant, turbulent or corrupt junto, to the regular deliberations and decisions of a respectable majority." - Federalist No. 22
phreakdna is offline   Reply With Quote
Unread 2015-09-29, 01:41 PM   #12
cory
 
Join Date: Feb 2004
Posts: 4,073
Post Thanks / Like
Thanks (Given): 0
Thanks (Received): 3
Likes (Given): 0
Likes (Received): 12
Dislikes (Given): 0
Dislikes (Received): 0
Default

BRK A and BRK B is the same investment allocations just different scale for smaller investors can get into. its the same thing FYI
__________________
Can't afford a car
cory is offline   Reply With Quote
Unread 2015-09-29, 02:08 PM   #13
darkSol
 
Join Date: Apr 2004
Location: Leawood
Posts: 1,427
Post Thanks / Like
Thanks (Given): 1
Thanks (Received): 5
Likes (Given): 126
Likes (Received): 31
Dislikes (Given): 3
Dislikes (Received): 4
Default

Bought 200 shares of BRK.B at $72.55 after the split was announced (Jan 11, 2010). It's around $128 right now but was $153 same time last year.

Great addition to my portfolio.
__________________
d.a..v...i....d

David Thomas Stewart - davidtstewart@gmail.com
2005 Lotus Elise : 410hp, 1654lbs. 11.477 @ 123.59 mph
darkSol is offline   Reply With Quote
Unread 2015-09-29, 11:30 PM   #14
privatejoker
 
Join Date: Apr 2005
Posts: 1,707
Post Thanks / Like
Thanks (Given): 17
Thanks (Received): 14
Likes (Given): 265
Likes (Received): 64
Dislikes (Given): 4
Dislikes (Received): 2
Default

[QUOTE=jasman18;2325408
I personally don't put more than 2% of assets into any single stock. [/QUOTE]

Since my company is owned by them, that's how I view it. If they did go bust, I'd be out of a job and my savings. If they offered me a discount to purchase the stock, that would probably change things though.
__________________
04 civic hybrid- 53 mpg
15 accord
90 jeep cherokee
92 mustang gt
00 Silverado 2500
privatejoker is offline   Reply With Quote
Unread 2015-10-01, 12:06 AM   #15
Dave B
 
Join Date: Mar 2004
Location: Creating DaveBisms
Posts: 11,886
Post Thanks / Like
Thanks (Given): 15
Thanks (Received): 132
Likes (Given): 24
Likes (Received): 998
Dislikes (Given): 4
Dislikes (Received): 63
Default

I moved half my portfolio over to Vaguard and sold a handful of high fee funds that had been "recommended" by my broker. I didn't know better at the time. I'll be buying a handful of Vanguard index funds and BRK B tomorrow. Sucks the market went up so much today. I want low!
Dave B is offline   Reply With Quote
Reply

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

 

All times are GMT -5. The time now is 08:57 PM.


Design By: Miner Skinz.com
Powered by vBulletin® Version 3.13.37
Copyright ©2000 - 2017, vBulletin Solutions, Inc.
Copyright (c) 1993-2012, KCSR.org