tacman1123
Confused about dryer sheets
I'm struggling with the actual mechanics of switching from a buy-and-hold, mostly equities, strategy to a newly-FIRE, more conservative approach. I've done most of my own investing during my work years, and am wondering if now is a good time to consider a financial advisor.
I'm waaaaay overweighted in domestic tech equities, which has helped me get to the point of FIRE, but is not the place to be if I want to guarantee I can stay here. In particular, Amazon, Google and Berkshire Hathaway make up a disproportionate amount of my portfolio.
Rebalancing is the wise thing to do. I know that. There will be tax consequences, and the decision of where to put the proceeds once I sell. I feel like I've read a ton of articles, but having a hard time pulling the trigger. And I don't want to wait until a market correction / disruption to motivate me. I remember 2009 all too well, and my promised that if my assets ever got back to their 2008/9 highs, I'd reduce some risk. Well, now I'm here, and need to make good on that promise.
Suggestions on going forward? The simple retirement calculators are fine for calculating AA and such, but I'd like to find something that incorporated the taxes and gave more feedback on risk (including inflation risk).
Thanks,
Tac
I'm waaaaay overweighted in domestic tech equities, which has helped me get to the point of FIRE, but is not the place to be if I want to guarantee I can stay here. In particular, Amazon, Google and Berkshire Hathaway make up a disproportionate amount of my portfolio.
Rebalancing is the wise thing to do. I know that. There will be tax consequences, and the decision of where to put the proceeds once I sell. I feel like I've read a ton of articles, but having a hard time pulling the trigger. And I don't want to wait until a market correction / disruption to motivate me. I remember 2009 all too well, and my promised that if my assets ever got back to their 2008/9 highs, I'd reduce some risk. Well, now I'm here, and need to make good on that promise.
Suggestions on going forward? The simple retirement calculators are fine for calculating AA and such, but I'd like to find something that incorporated the taxes and gave more feedback on risk (including inflation risk).
Thanks,
Tac