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I used the Intelligent Adviser account for several years. They offer the use of a tool which sets expected account behavior and how nervous you are, I'm sure you have seen or used one of these in the past. That sets your risk level within the account and thus the asset allocation limits. You can set risk manually of course. You can do one or two "knockouts" for ETF's you don't want to ever own. It does the rest.
It's a smooth ride and provides a great portfolio anchor. Keeps you from doing harm to yourself. And it sells/buys to take advantage of mispricing/arbitrage. Reasonably tax efficient but with a touch of cash drag. I did not mind when interest was 0.5, but at 5% it is a bigger issue. Only fees are in the ETF's themselves, and they are dirt cheap.
Because this is my taxable side, I decided to try their Direct Index product. It mimics an index, but does so with about 400 individual positions. No cash drag and better tax loss harvesting. Same behavior as the personalized direct etf product. It does have a monthly fee though... very first time I have ever paid up quarterly for a product. So far a glassy smooth outcome.
In answer to your question, I use different allocations across accounts. The ETF based personalized direct account could hold all your assets except RE. It is a complete asset allocation in a box.
The personalized direct is a mimic of SCHK, so I must integrate that into my overall allocation. Tax efficient, but no ability to adjust allocation to sectors not included.
I have historically tended to drift with my interests and ignore large cap issues. The direct index account takes care of my entire US large and mid cap allocation now. For portfolio and allocation analysis, I treat the entire account as one position in SCHK.
They have an international version of the same thing. My life is in dollars and I'm not much of a traveler, so I will likely pass for now.
In the meantime, I continue to reference the allocation guidelines from the personalized direct ETF account.
I used the Intelligent Adviser account for several years. They offer the use of a tool which sets expected account behavior and how nervous you are, I'm sure you have seen or used one of these in the past. That sets your risk level within the account and thus the asset allocation limits. You can set risk manually of course. You can do one or two "knockouts" for ETF's you don't want to ever own. It does the rest.
It's a smooth ride and provides a great portfolio anchor. Keeps you from doing harm to yourself. And it sells/buys to take advantage of mispricing/arbitrage. Reasonably tax efficient but with a touch of cash drag. I did not mind when interest was 0.5, but at 5% it is a bigger issue. Only fees are in the ETF's themselves, and they are dirt cheap.
Because this is my taxable side, I decided to try their Direct Index product. It mimics an index, but does so with about 400 individual positions. No cash drag and better tax loss harvesting. Same behavior as the personalized direct etf product. It does have a monthly fee though... very first time I have ever paid up quarterly for a product. So far a glassy smooth outcome.
In answer to your question, I use different allocations across accounts. The ETF based personalized direct account could hold all your assets except RE. It is a complete asset allocation in a box.
The personalized direct is a mimic of SCHK, so I must integrate that into my overall allocation. Tax efficient, but no ability to adjust allocation to sectors not included.
I have historically tended to drift with my interests and ignore large cap issues. The direct index account takes care of my entire US large and mid cap allocation now. For portfolio and allocation analysis, I treat the entire account as one position in SCHK.
They have an international version of the same thing. My life is in dollars and I'm not much of a traveler, so I will likely pass for now.
In the meantime, I continue to reference the allocation guidelines from the personalized direct ETF account.
