Bank of America Corp (BAC): A Regular Fool’s Retirement Portfolio..Finance Stocks

Speaking of Warren Buffett

No long-term portfolio is complete without Berkshire Hathaway. And while its ownership extends far beyond Financials, Berkshire’s foundation is built on the “float” generated by its insurance and reinsurance businesses. And while the core insurance businesses are just part of an incredibly diverse company today, Buffett and understudies Todd Combs and Ted Weschler continue to put that massive float to work investing in great companies, further increasing Berkshire’s earnings power and value for shareholders like me and you.

Foolish bottom line

While Bank of America Corp (NYSE:BAC) and American International Group Inc (NYSE:AIG) (and Wells, to a lesser extent) were right in the middle of the events that nearly crippled the economy, the banking and insurance sector is a very central part of the increasingly global economy. I am convinced that all of these companies will help me beat the market over the long-haul, and I’ve put my hard-earned (and very real) money where my virtual mouth is.

If you want to see how I’m doing, visit my portfolio online here. Have comments? Share them below!

Jason Hall owns shares of Berkshire Hathaway, Bank of America, Wells Fargo, American International Group, and BofI Holding (NASDAQ:BOFI). The Motley Fool recommends American International Group, Berkshire Hathaway, BofI Holding, and Wells Fargo. The Motley Fool owns shares of American International Group, Bank of America, Berkshire Hathaway, BofI Holding, and Wells Fargo and (NYSE:WFC) has the following options: Long Jan 2014 $25 Calls on American International Group.

The article A Regular Fool’s Retirement Portfolio: Finance Stocks originally appeared on Fool.com.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.