Good morning,
I feel like a real "newbie" today. I've been investing for a long time. I'm 46 years old, FI, and I love learning about investing, strategizing, etc. but I find myself getting overwhelmed, letting my portfolio get over complicated and not really "owning" it. I have good reasons for buying what I buy but I don't necessarily follow up, and I have too many things to make rebalancing simple. In short, my ambition on the front end outweighs my ambition on the back end. (I've got a big house but I'm too lazy to keep it clean!!)
So I'm in teh process of simplifiying. I looked at my vanguard account with 12 funds, and then my wife and daughter's with 2-3 funds each (STAR, total bond and div grwth for daughter, Total market, div growth, total bond for wife) and they both have outperformed my "really smart" portfolio over 1,3,5, and 10 years. (mine is divided up into small cap, int'l RE, us RE, etc. etc. and is overdiversified, I even have some wellington in there)
Where I'm paralyzed is this: I really want to start all over. I have a ROTH and SIMPLE and I just want to start over and make a nice simple AA and rebalancing strategy that I will follow through on. I'm realizing slowly that just having a sensible strategy, no frills is fine. There's always a book or article that leads me astray ((... if I just follow x,y, z, backtesting shows I'd have an extra gazillion by now!!)) Problem is, I'm too impatient. My personality thrives on simple "ownable undertsandable" portfolio that I can get carried away putting money into.
I do like the IVY portfolio strategy. MY ROTH at Fidelity is what I use for that. I have commodity ETF, ARBFX, JOF, EWJ, PSP, LINE, DBU, VNM, AGNC, RJI, RVT, SIRI, etc. alot of international stock and bond, alot of value, MLP's, and one actual stock (SIRI). I can probably handle keeping this ROTH mostly the way it is and call it my "alternative" portfolio. I know enough to stay diversified and keep a fairly equal weighting but I'd like to get my larger Vanguard portfolio simplified beyond recognition. I'd like to keep RE - both int'l and US but otherwise keep it simple. 60/40-ish stock bond.
Any feedback or suggestions appreciated. Iknow I haven't asked a black and white crystal clear question. I've just laid my cards on the table a bit and would like some feedback, direction, etc.
Thanks SO much!!
I feel like a real "newbie" today. I've been investing for a long time. I'm 46 years old, FI, and I love learning about investing, strategizing, etc. but I find myself getting overwhelmed, letting my portfolio get over complicated and not really "owning" it. I have good reasons for buying what I buy but I don't necessarily follow up, and I have too many things to make rebalancing simple. In short, my ambition on the front end outweighs my ambition on the back end. (I've got a big house but I'm too lazy to keep it clean!!)
So I'm in teh process of simplifiying. I looked at my vanguard account with 12 funds, and then my wife and daughter's with 2-3 funds each (STAR, total bond and div grwth for daughter, Total market, div growth, total bond for wife) and they both have outperformed my "really smart" portfolio over 1,3,5, and 10 years. (mine is divided up into small cap, int'l RE, us RE, etc. etc. and is overdiversified, I even have some wellington in there)
Where I'm paralyzed is this: I really want to start all over. I have a ROTH and SIMPLE and I just want to start over and make a nice simple AA and rebalancing strategy that I will follow through on. I'm realizing slowly that just having a sensible strategy, no frills is fine. There's always a book or article that leads me astray ((... if I just follow x,y, z, backtesting shows I'd have an extra gazillion by now!!)) Problem is, I'm too impatient. My personality thrives on simple "ownable undertsandable" portfolio that I can get carried away putting money into.
I do like the IVY portfolio strategy. MY ROTH at Fidelity is what I use for that. I have commodity ETF, ARBFX, JOF, EWJ, PSP, LINE, DBU, VNM, AGNC, RJI, RVT, SIRI, etc. alot of international stock and bond, alot of value, MLP's, and one actual stock (SIRI). I can probably handle keeping this ROTH mostly the way it is and call it my "alternative" portfolio. I know enough to stay diversified and keep a fairly equal weighting but I'd like to get my larger Vanguard portfolio simplified beyond recognition. I'd like to keep RE - both int'l and US but otherwise keep it simple. 60/40-ish stock bond.
Any feedback or suggestions appreciated. Iknow I haven't asked a black and white crystal clear question. I've just laid my cards on the table a bit and would like some feedback, direction, etc.
Thanks SO much!!