So just for simpler way to read it
US (Excluding REITs) 50%
10 - TSM
10 - LC
10 - MC
10 - SC
5 - Growth
5 - Value
International 30%
10 - TISM
20 - Int. Growth
REITs 15%
15 - REITs
Bonds 5%
5 - bonds
1. No reason for both TSM and LC/MC/SC
I would choose one of these combos and you have reduced your total complexity by 2-3 funds.
• TSM (owning total market is what I do)
• TSM/SC (if you want to tilt towards small)
2. What is the purpose of growth and value. Are they not offsetting each other? I'd just get rid of both, it adds complexity for no gain.
3. What is the purpose of 20% in international growth. I believe growth has historically lagged value. In fact I have pretty much never seen anyone tilt towards this asset class.
4. 15% REIT's is borderline. Due to high leverage (and therefore higher risk - see what happend during the GFC with these highly leveraged products), many suggest max of 10%. Also note that your other funds already hold REIT,s so you are actually closer to 20% which is a LOT of REITs.
5. Bonds
Bonds are very low, but it is very individual. If you are already balancing 10 funds, I would make it 10% as I think the return difference is going to be insignificant but it will ahve a more noticable affect on the volatility.
My suggestion
Take a step back away from your funds and
1. Decide on an asset allocation of equities to bonds. I found
this article useful, click on ability, willingness and need links.
2. Decide on an asset allocation of US to international equities. 20% up to market cap weighting of international seems most reasonable, and just go with market cap weighting if you have no opinion.
3. If you even want to, up to 10% of equity in REITs, but you can leave it out since REITs are already in there.
4. If you even want to, you can tilt to small and/or value, but if you have no opinion, you can ignore this as total market funds already have them too.
Then choosing the funds to fit your allocation should be a straightforward process taking only a few minutes.
It really should be that simple and boring if you are doing it right.