BRK Only $30 Billion From Joining The $1-Trillion Club -- August 24, 2024

Locator: 48442BRK.

Link here. 

Looks like it's time to consider a new ETF: the TDC ETF -- the trillion-dollar-club ETF.

I assume the ETF (or an equivalent) already exists. 

Seriously, that's a fairly diversified ETF:

• consumer electronics
• global big cap
• US big cap conglomerate
• Big Pharma
• chip foundry
• tech

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Schwab Quarterly Chartbook

My wife and I attended a Schwab quarterly chartbook briefing last week, hosted by our Schwab broker.
75 slides of charts -- the kind Liz Ann Sonders prepares. Fortunately, the speaker only went through ten slides or so.

About twenty-four of us in attendance. 

By invite only.

Demographics:

• generally retirees over 65 years of age; most approaching 75, I assume
• as many women and men; I assume many of the women were widows
• a few of the men, like me, brought spouses; no trophy wives.
  

Presentation:

• absolutely covered everything: all equities -- all bonds -- some REITS -- everything

Audience interest:

• and what was the audience interested in? Bonds.

Takeaway:

• majority of audience, it seems, were absolutely missing the forest for the trees.
• when you get an hour, almost one-on-one with "a Liz Sonders" and you spend your time on corporate vs municipal bonds, what an opportunity lost
  
• yes, I get it -- 60/40
• but, wow, too many folks living in the past
• happy with locked-in returns of 4%; quibbling over 4.1% vs 4.3%.
• my hunch: a lot of these folks were not so much 60/40 as 10/90 (equities / bonds)