Billionaire Steve Ballmer has more than 80% of his portfolio in Microsoft stock and advises everyday investors to ‘keep it simple’

Fortune02:13

Steve Ballmer doesn't diversify his investments. Instead, his portfolio is almost entirely dependent on Microsoft stock. The former Microsoft CEO urged retail investors to keep things simple. Former ...

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The former Microsoft CEO urged retail investors to keep things simple.\n\nFormer ...</p>\n\n<a href=\"https://finance.yahoo.com/news/billionaire-steve-ballmer-more-80-181347389.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Billionaire Steve Ballmer has more than 80% of his portfolio in Microsoft stock and advises everyday investors to ‘keep it simple’</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBillionaire Steve Ballmer has more than 80% of his portfolio in Microsoft stock and advises everyday investors to ‘keep it simple’\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-23 02:13 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/billionaire-steve-ballmer-more-80-181347389.html><strong>Fortune</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Steve Ballmer doesn't diversify his investments. Instead, his portfolio is almost entirely dependent on Microsoft stock. The former Microsoft CEO urged retail investors to keep things simple.\n\nFormer ...</p>\n\n<a href=\"https://finance.yahoo.com/news/billionaire-steve-ballmer-more-80-181347389.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0965509101.SGD","symbol_name":"AB LOW VOLATILITY EQUITY PORTFOLIO \"A\" (SGDHDG) ACC","start_time":0,"source_url":"https://finance.yahoo.com/news/billionaire-steve-ballmer-more-80-181347389.html","article_id":"2493200642","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/9lumC7UKiVS1edTmJjztSg--~B/aD0xMzY0O3c9MjA0ODthcHBpZD15dGFjaHlvbg--/https://media.zenfs.com/en/fortune_175/89f1a7b9e416f514400fe6450cc6d591"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2493200642","pubTimestamp":1734891227,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Steve Ballmer doesn't diversify his investments. Instead, his portfolio is almost entirely dependent on Microsoft stock. The former Microsoft CEO urged retail investors to keep things simple.Former Microsoft CEO Steve Ballmer believes most investors should keep things simple, and his own holdings are so simple they depend overwhelmingly on just one stock.According to the Wall Street Journal, more than 80% of his investment portfolio is in Microsoft stock with the rest in stock index funds.\"Microsoft’s outperformed just about every other asset I could have owned,\" he told the Journal in a Q&A that was published on Sunday. \"It’s a little hard to say that it hasn’t worked out.\". That was helped by the AI boom that was launched by Microsoft-backed OpenAI. Since the release of ChatGPT in November 2022, Microsoft's stock price has soared, vaulting its market cap above $3 trillion.Over the past 10 years, the average share of active funds that beat the S&P 500 was 27%, according to Morningstar","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0965509101.SGD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"A\" (SGDHDG) ACC","LU2286300806.USD":"Allianz Cyber Security AT Acc USD","SG9999017495.SGD":"UGDP UNITED GLOBAL QUALITY GROWTH \"B\" (SGD) ACC","LU1316542783.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD","LU0742534661.SGD":"Fidelity America A-SGD (hedged)","LU1121112475.USD":"NINETY ONE GSF GLOBAL FRANCHISE \"A\" (USDHDG) ACC","BK4176":"多领域控股","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","LU2065171402.SGD":"M&G (LUX) GLOBAL MAXIMA \"A\" (SGD) INC","LU0345769128.USD":"NINETY ONE GSF GLOBAL EQUITY \"A\" (USD) ACC","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","LU2458330243.SGD":"FRANKLIN SHARIAH TECHNOLOGY \"A-H1\" (SGDHDG) ACC","LU0456855351.SGD":"JPMorgan Funds - Global Equity A (acc) SGD","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","BK4516":"特朗普概念","LU1791710400.SGD":"Fidelity Global Demographics A-ACC-SGD","LU0079474960.USD":"联博美国增长基金A","LU2106854487.HKD":"ALLIANZ THEMATICA \"AMG\" (HKD) INC","MSFT":"微软","GB00B4QBRK32.GBP":"FUNDSMITH EQUITY \"R\" (GBP) INC","IVV":"标普500指数ETF","LU0048584097.USD":"FIDELITY FUNDS  GLOBAL THEMATIC OPPORTUNITIES \"A\" (USD) INC","SH":"标普500反向ETF","LU1989764664.SGD":"CPR Invest - Global Disruptive Opportunities A2 Acc SGD-H","LU2097344431.USD":"SCHRODER ISF SUSTAINABLE MULTI-ASSET INCOME \"A\" (USDHDG) INC","LU2720916845.USD":"BGF GLOBAL UNCONSTRAINED EQUITY \"A2\" (USD) ACC","IE00BJLML261.HKD":"HSBC GLOBAL EQUITY INDEX \"HCH\" (HKD) ACC","BRK.B":"伯克希尔B","IE00BMPRXN33.USD":"NEUBERGER BERMAN 5G CONNECTIVITY \"A\" (USD) ACC","VOO":"Vanguard标普500ETF","LU0171293334.USD":"贝莱德英国基金A2","UPRO":"三倍做多标普500ETF","SSO":"两倍做多标普500ETF","LU1868836591.USD":"CT (LUX) I AMERICAN \"1U\"(USD) ACC","LU2756315664.SGD":"ALLIANZ INCOME AND GROWTH \"AMI\" (SGDHDG) INC","LU0057025933.USD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"AX\" (USD) ACC","LU1868836757.USD":"CT (LUX) I AMERICAN FUND \"2\" (USD) ACC","SPXU":"三倍做空标普500ETF","LU1046421795.USD":"富达环球科技A-ACC","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","IE000YTNTUN2.SGD":"PIMCO BALANCED INCOME AND GROWTH \"M\" (SGDHDG)INC","LU2404859667.USD":"FUNDSMITH EQUITY FUND \"R\" (USD) ACC","LU0444971666.USD":"天利全球科技基金","LU0690374961.EUR":"FUNDSMITH EQUITY \"R\" (EUR) INC","SPY":"标普500ETF","OEX":"标普100","OEF":"标普100指数ETF-iShares",".SPX":"S&P 500 Index","SDS":"两倍做空标普500ETF"},"translate_title":"亿万富翁Steve Ballmer超过80%的投资组合是微软股票，并建议日常投资者“保持简单”","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MSFT":1,"VOO":0.9,"SPY":0.9,"BRK.B":0.74,"OEF":0.6,"OEX":0.6,"SDS":0.6,"SH":0.6,"SPXU":0.6,"SSO":0.6,"UPRO":0.6,"ESmain":0.6,"IVV":0.6,".SPX":0.6},"content_text":"Steve Ballmer doesn't diversify his investments. Instead, his portfolio is almost entirely dependent on Microsoft stock. The former Microsoft CEO urged retail investors to keep things simple.\n\nFormer Microsoft CEO Steve Ballmer believes most investors should keep things simple, and his own holdings are so simple they depend overwhelmingly on just one stock.\nAccording to the Wall Street Journal, more than 80% of his investment portfolio is in Microsoft stock with the rest in stock index funds.\n\"Microsoft’s outperformed just about every other asset I could have owned,\" he told the Journal in a Q&A that was published on Sunday. \"It’s a little hard to say that it hasn’t worked out.\"\nIncluding dividends, Microsoft has returned an average of about 29% annually in recent years, while the S&P 500 has returned about 13% on average.\nThat was helped by the AI boom that was launched by Microsoft-backed OpenAI. Since the release of ChatGPT in November 2022, Microsoft's stock price has soared, vaulting its market cap above $3 trillion. \nBallmer, who served as Microsoft's boss from 2000 to 2014, said his philosophy was shaped by Warren Buffett's advice that retail investors are better off parking their money in an S&P 500 index fund rather than trying to outsmart the market. \nOf course, the Berkshire Hathaway CEO doesn't have 80% of his portfolio in one stock. But Ballmer settled on his unusual investment strategy after having trouble finding money managers who regularly beat the market.\nNow worth $151 billion on the Bloomberg Billionaires Index, he told the Journal that he and his wife shifted an index fund to be just the U.S. and Europe while they \"maybe\" own some Japanese assets too. He's also getting out of private equity and only really follows top holding Microsoft.\n\"I like it. It’s simple,\" he added. \"We’ve been very blessed financially. What I seek in this instance is not to have to spend a lot of time, anxiety, brain power in an area where we’re blessed enough if we make 7% because that’s the standard return on the S&P over the long run.\" \nAs far as which index fund he owns, Ballmer sounded uncertain, saying if it's not the S&P 500, then it's the small-cap Russell 2000 or \"some broad mirror of the market.\"\nMeanwhile, his other big investment—the Los Angeles Clippers—also appears to be doing well. He bought the NBA franchise in 2014 for $2 billion, and it's now worth $5.5 billion, according to Forbes.\nWhen asked if his strategy can apply to everyday investors, he replied, \"I would say, ‘Keep it simple’—unless you’re really going to become an expert.\" \nStudies have shown index funds tracking the S&P 500 consistently beat most actively managed funds, especially as U.S. assets have reigned supreme in global markets lately.\nOver the past 10 years, the average share of active funds that beat the S&P 500 was 27%, according to Morningstar data from July. In addition, funds that are diversified across asset classes and geographies also fared worse than the S&P 500. Such portfolios have lagged the index in 13 of the last 15 years, according to data from Cambria Funds in June.\nTo be sure, the vast majority of the S&P 500’s recent gains have come from just a handful of tech giants, such as Microsoft and Nvidia, leaving index investors vulnerable to a single-stock drop.\nMeanwhile, skeptics on Wall Street see the overwhelming dominance of U.S. markets among global investors as a red flag. \n“Talk of bubbles in tech or AI, or in investment strategies focused on growth and momentum, obscures the mother of all bubbles in U.S. markets,” Ruchir Sharma, chair of Rockefeller International, wrote in the Financial Times earlier this month. “Thoroughly dominating the mind space of global investors, America is over-owned, overvalued, and overhyped to a degree never seen before.”\nThis story was originally featured on Fortune.com","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2493200642"}