WoV stock portfolio

Quote: beachbumbabs

My advice, like all free advice, is worth what you paid for it, right? Except I pay this guy, and he manages more than .5B in assets, so thought I'd pass it along since we're friends.

I freely admit I know nothing myself about stocks, etc.

so your advisor thinks there will be a sell off starting Jan 2 to take profits?

Quote: 100xOdds

so your advisor thinks there will be a sell off starting Jan 2 to take profits?

Yes. About 2 months worth, give or take. Then a slow recovery over the next 8 months to at or a little above now. We're holding a large chunk of my IRA in cash, waiting to come in after the drop on something juicy.

It was in a high-risk fund that did well and matured, so a forced sale today, but at the top of my holding. So I'm pleased.

I'll eat my hat if there isn't a chance to buy back in at lower prices if you want to sell some now.

In order to avoid "market timing" traps, you can just rebalance and get the blessings of whatever conservative advice you sometimes listen to. If you were in balance a few months ago, you aren't now.

Quote: Ibeatyouraces

Variance sucks.

Embrace the variance :o)

I am now at the point where variance is my enemy! I have a different portfolio where variance has been my best friend! I have one in stock, BAP, that I was able to buy at six dollars a share. It is now trading at over 200 a share. I had no knowledge about the stock at all, but as a child I used to call my sister a bap!

I am so diversified, equity-wise, that if the market is up, I'm up, and if it is down, I'm down.

Quote: SOOPOO

I am now at the point where variance is my enemy! I have a different portfolio where variance has been my best friend! I have one in stock, BAP, that I was able to buy at six dollars a share. It is now trading at over 200 a share. I had no knowledge about the stock at all, but as a child I used to call my sister a bap!

I am so diversified, equity-wise, that if the market is up, I'm up, and if it is down, I'm down.

That's hysterical. Thank your sister someday.

Quote: beachbumbabs

That's hysterical. Thank your sister someday.

We have been talking about it for years! And I owe a thanks to you for COST!

Quote: SOOPOO

We have been talking about it for years! And I owe a thanks to you for COST!

My pleasure. They do it right. Solid investment.

Okay, stock geniuses:

I have some money invested in FFNOX index fund as well as FFTHX target date fund (this is my IRA). Are these redundant? Should I dump one over the other? Or just keep them both?

Also, I have a chunk invested in a NASDAQ index fund. I'm not sure if I should be so tech heavy, but the NASDAQ has been killing it the last couple of years. I'm planning somewhat long term, here, so is it better to just dump that and go with a standard S&P index fund? Or dump it into one of the above FFNOX/FFTHX since those are already sort of total market?

I also want to be a little more bond-heavy since I'm a slightly more conservative investor. I already have a bond fund; would it be totally stupid to completely dump the NASDAQ index into my bond fund as long as I have those other total market funds pumped up enough so my equity balance is covered?

Quote: TigerWu

Okay, stock geniuses:

I have some money invested in FFNOX index fund as well as FFTHX target date fund (this is my IRA). Are these redundant? Should I dump one over the other? Or just keep them both?

Also, I have a chunk invested in a NASDAQ index fund. I'm not sure if I should be so tech heavy, but the NASDAQ has been killing it the last couple of years. I'm planning somewhat long term, here, so is it better to just dump that and go with a standard S&P index fund? Or dump it into one of the above FFNOX/FFTHX since those are already sort of total market?

I also want to be a little more bond-heavy since I'm a slightly more conservative investor. I already have a bond fund; would it be totally stupid to completely dump the NASDAQ index into my bond fund as long as I have those other total market funds pumped up enough so my equity balance is covered?

I would dump FFTHX as it has a .75% expense ratio. I don't need to know anything else. As for answering any of your other questions, a real financial analyst would need you to answer a bunch of questions first....

How old are you? How much do you make? How much do you have in savings? How much do you have in debt? Do you have any dependents? Do you have life and or disability insurance? Are you planning for any near or long term expenses (marrying, birth of child, buying a house, etc.)? Tax consequences for rebalancing or selling what you have now? Risk tolerance? These are just the tip of the iceberg....