I am planning to ditch my Edward Jones advisor who charges 1% fees and still doesn’t beat the index. He has over complicated portfolio with 30+ funds. I have been reading bogleheads and comparing various mutual funds and ETFs. Investment horizon is long term (10+years). here is how I plan to spread out 1. FSKAX - Fidelity total market index fund 2. FTIHX - Fidelity total Internation index fund 3. XLK - Tech sector SPDR 4. XLV - Health care sector SPDR 5. ICLN - iShares global clean energy Considering last few years performance, I don’t see value adding bond fund. I have fidelity brokerage link through employer. Planning to go all in on above 5 funds. Bit concerned about diversification outside stock market yoe 20 Tc 350k NW 1.3m
Just buy VT. Keeping 5 fund portfolio balanced is actually some annoying work, especially across several accounts.
Why FTIHX instead of FLEE? It has an early withdrawal fee, and worse performance. Why FSKAX instead of VOO? It has an early withdrawal fee, and worse performance. Why add XLK and XLV, since you already have exposure there in your other total market funds? You're effectively putting yourself significantly overweight those sectors, despite having employment (ostensibly, if you're at Amazon) in tech and likely getting equity compensation. Why no bond allocation? Equity risk premium is the tightest I've seen it possibly ever in my career. Happy to chat more in DM's.
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No criticism, you’re doing awesome! 👏🏼