First.....I was impressed with this fellow.......friendly, polite, and very patient. We talked for over an hour. I asked A LOT of questions not only about my portfolio, but about the markets environment in general......U.S. global, bonds, etc. Very interesting visit.
Now.....if the folks here could help with some of his suggestions I would really appreciate it.
The first thing I am agonizing over is to combine my GNMA fund (14.7% of my portfolio)* and TIPS fund (4.2%) into Total Bond Market Index. This would put me into Admiral shares. Total Bond has about 35% GNMA, but no TIPS. I love my GNMA fund btw.....
Next.....bring my stock fund holdings from the current 40% to at least 50%......slowly over a period of time. They (as expected) would suggest consolidating my managed funds all into Total Stock market Index.
They would also like to see my International Growth fund moved to Total International Index and increased from the current 3% to 12%......again, slowly over time.
This is all in non IRA accounts.
Surprisingly, he was OK with my IRA funds. Primecap, WindsorII, and Explorer, although would prefer to see more small caps....currently only about 5%.*
I have no adviser, accountant, or anyone else to hash financial matters over with. Everything I've done so far has been by reading and learning as much as I can. It would be great to hear some opinions from the folks here.
Thanks very much for your time.