It has been my intent to continue to accumulate dividend paying stocks for my retirement. As these stocks have gotten more expensive more research is required to not overpay for a stock. To reduce the amount of time and work involved I thought about buying mutual funds using Schwab's screener and asset allocation model. I screened for funds that don't have a transaction cost and are no-load. Further, I screened for a return of >10% for 1,3,5,10, yrs, Morningstar Overall of 3 Stars of greater, average or above historical return and average or below historical risk. My results will give me 2-Large Value, 2-Large Growth, and 1-Large Blend Funds for 35% of portfolio, 9-Small Cap Funds (all 4 or 5 stars) for 10% of portfolio, 3-Foreign Large Cap Funds (all 5 stars) for 15% of portfolio, and 1-Tax Free Bond Fund (includes my home state) for 35% of portfolio.
Please share your thoughts on this approach to retirement investments. Thanks!
TommyOIB
Please share your thoughts on this approach to retirement investments. Thanks!
TommyOIB