Code: Select all
Symbol Weight Expense Ratio Name
VEA 22.02% 0.05 Vanguard FTSE Developed Markets Index Fund ETF
IVV 16.76% 0.03 iShares Core S&P 500 ETF
VO 13.94% 0.04 Vanguard Mid-Cap Index Fund ETF
IWF 13.05% 0.18 iShares Russell 1000 Growth ETF
DODGX 12.44% 0.51 Dodge & Cox Stock Fund Class
VWO 6.44% 0.08 Vanguard FTSE Emerging Markets Index Fund ETF
VCMIX 5.57% 1.25 Versus Capital Multi-Manager Real Estate Income Fund LLC Class I
VNQ 3.85% 0.12 Vanguard Real Estate Index Fund ETF Shares
SLYV 2.94% 0.15 SPDR® S&P 600 Small Cap Value ETF
VIOG 2.63% 0.15 Vanguard S&P Small-Cap 600 Growth Index Fund ETF
IJH 0.37% 0.05 iShares Core S&P Mid-Cap ETF
Appreciate any thoughts you guys have.
Edit: Adding more info
This is a taxable account. It is my primary account and the biggest by a very large margin.
I'm 40 years old and high NW.
I am thinking 100% stocks. I've contemplated retirement, but I am not convinced I actually will anytime soon so I'm reluctant to do a bond tent now similar to how people like BigERN suggest (I can retire right now technically). My plan was to withdraw something low (like variable 2.5%) and hope that that would justify 100% stocks instead of a more recommended 70/30. With the goal being that my portfolio grows over time and I can withdraw more (as a result of accepting swings in withdrawl with 2.5% floating percentage each year, though I contemplated doing 1.5% fixed first year + inflation and a floating 1% ontop to capture growth/increased QoL)
I used to always be a buy and hold investor, however during covid I decided to do trading, and thus realized gains on my entire account. I was lucky and came out very ahead in the end even after accounting for the tax hit, but I generally prefer to buy and forget. As a result, I was in all cash by the end of 2021. I re-entered the market after being convinced to go with an advisor (had a lot going on in my life at the time and didn't want to make decisions, was afraid of re-entering after such a run up in recent years).
Because of my entry point and the direction of the market recently, I only have losses (have some gains since I tax loss harvested a few weeks ago).
If I were to sell now and change funds, I'd be in realizing some gains, but it seems like a small deal compared to long term having higher expense ratios.
My advisor seems like a nice guy, but I am fairly skeptical at anyone's ability to post consistent gains over the market, and they seem to have slowly shifting opinions about various allocation percentages (on a very small scale to be fair), so I'm not sure how to even work with them long term, since I shouldn't be selling in the future if the market goes back up anyways just to reallocate based on the latest opinions they have.
I was considering going solo again, and saving the 0.6% total ER, especially because if I withdraw 2.5%, 0.6% is a massive percentage of that and has a material effect on all the retirement success models i've seen. I'd like to be at least decently diversified so I don't always have doubts in my head about my allocation, and can hold long term and forget. I also have some small doubts if I won't screw up (and be tempted to sell to chase trading or something else again), so thats part of what convinced me to go with an advisor, even though the voice in my head told me how its usually just a bad idea and costs dearly long term (was convinced 0.4% is not that bad compared to higher amounts). I could try to negotiate a lower ER with them, but I'm not sure its very fruitful, even if they cut it by half, I think I'd still tell myself I doubt what they offer me is material.
I do want to be in a position to retire any day I want, allocation wise. But I do not want to sacrifice long term gains to hedge that way (especially because i'm lacking confidence if i will retire or not, i've been very unstable on that), so instead i've been thinking to just position for maximum long term, and withdraw a smaller amount to help offset sequence of return risk and give me a bigger dollar withdrawal in the very long term.
Sorry to be overly wordy compared to my original post, but it sounds like I needed to give more context.
I'll edit the original post to include this.