Welcome!
Some initial comments:
* Nobody cares about your money more than you do. Kudos for your decision to keep your money and manage things yourself. You can absolutely do this along with help from the amazing people here on this forum.
* My first guess is that your current portfolio is probably needlessly complex...but you didn't say exactly how many different funds you have. You need a simple, diversified portfolio that matches your risk tolerance and will endure for the long term. This typically be accomplished with 1-4 investments.
Typically it could look something like this:
* Total US Stock Market (VTI)
* Total Intl Stock Market (VXUS)
* Total Bond Market (BND) or similar
For my own portfolio, I have the above but also include Total Intl Bond Market (BNDX). Many do not think it is needed, but it works for me. Simple and easy to understand and manage. Furthermore, you are 29 years old. I don't know where you got the idea of age in Bonds...that's nonsense to me. Depending on your risk tolerance, I would offer you can simply be 100% stocks at your age. I was 100% stocks until may late 40s.
However, I have found that bonds are more complex than stocks. You should make sure you do not invest in anything you don't understand. If you are not familiar with bonds / fixed income, I would strongly encourage you to start learning now, so you are better prepared when you may really want them as part of your portfolio.
Your questions:
1. Move Portfolio to Vanguard funds: Maybe? As mentioned, you have not actually shared that much with us so far. Utilize the following template below and we will have a much better sense of your portfolio and current situation:
Asking Portfolio Questions
https://www.bogleheads.org/wiki/Asking_ ... _questions
2. As mentioned, I think your portfolio is overly complex and would not try to map that at all. You can do just as well with a much simpler setup.
3. People rebalance in different ways. Importantly, if you have a simple portfolio, your rebalancing should not be that challenging and require too much in the way "tools".
4. I think the first step is to spend some time with our wiki and other posts and see if you also come to the conclusion that you will be better off with something like the portfolio I shared at the beginning of this post versus the one you currently have and are considering to recreate.
Best wishes.
Some initial comments:
* Nobody cares about your money more than you do. Kudos for your decision to keep your money and manage things yourself. You can absolutely do this along with help from the amazing people here on this forum.
* My first guess is that your current portfolio is probably needlessly complex...but you didn't say exactly how many different funds you have. You need a simple, diversified portfolio that matches your risk tolerance and will endure for the long term. This typically be accomplished with 1-4 investments.
Typically it could look something like this:
* Total US Stock Market (VTI)
* Total Intl Stock Market (VXUS)
* Total Bond Market (BND) or similar
For my own portfolio, I have the above but also include Total Intl Bond Market (BNDX). Many do not think it is needed, but it works for me. Simple and easy to understand and manage. Furthermore, you are 29 years old. I don't know where you got the idea of age in Bonds...that's nonsense to me. Depending on your risk tolerance, I would offer you can simply be 100% stocks at your age. I was 100% stocks until may late 40s.
However, I have found that bonds are more complex than stocks. You should make sure you do not invest in anything you don't understand. If you are not familiar with bonds / fixed income, I would strongly encourage you to start learning now, so you are better prepared when you may really want them as part of your portfolio.
Your questions:
1. Move Portfolio to Vanguard funds: Maybe? As mentioned, you have not actually shared that much with us so far. Utilize the following template below and we will have a much better sense of your portfolio and current situation:
Asking Portfolio Questions
https://www.bogleheads.org/wiki/Asking_ ... _questions
2. As mentioned, I think your portfolio is overly complex and would not try to map that at all. You can do just as well with a much simpler setup.
3. People rebalance in different ways. Importantly, if you have a simple portfolio, your rebalancing should not be that challenging and require too much in the way "tools".
4. I think the first step is to spend some time with our wiki and other posts and see if you also come to the conclusion that you will be better off with something like the portfolio I shared at the beginning of this post versus the one you currently have and are considering to recreate.
Best wishes.
Statistics: Posted by invest4 — Mon Oct 28, 2024 12:00 am