Author Topic: Help Re-positioning My Portfolio  (Read 1388 times)

dalekeener

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Help Re-positioning My Portfolio
« on: May 08, 2016, 01:12:19 PM »
I think I need to clean up this mess of a portfolio I have assemble.  I think I have just added things I probably don't need.  I have had a habit of buying the last great investment I hear about.  While I have not done bad, I think I could be more efficient. This is for a taxable account with Schwab and represents my total small investment portfolio. I am 55 years old and am adding $200 per week to the account. I plan to work until I am 65. Only debt I have to mention is my mortgage (3.75 %) that will be paid off before I retire.  I am posting the entire portfolio and will take and use any advice I can get.

Here are the positions:
Symbol   Description   Market Value
APU- AMERIGAS PARTNERS, L  LP   $1,043.50
GCBC- GREENE CNTY BANCORP   $1,797.00
JCP-   JC PENNEY CO INC   $826.00
PG-   PROCTER & GAMBLE   $1,231.95
SJW- S J W CORP   $1,374.80
YORW -YORK WATER COMPANY   $1,464.00
SIVR - ETFS SILVER TRUST ETF   $860.50
CGW   - GUGGENHEIM S&P GLOBAL WATER IDX ETF   $288.70
JHMC- JOHN HANCOCK MLTIFACTR CNSUMR ETF   $634.50
JHMT-   JOHN HANCOCK MLTIFCTR TCHNLGY ETF   $1,024.40
PIN   -POWERSHARES INDIA PORTFOLIO ETF   $189.00
TOLZ-   PROSHARES DJ BRKFLD GLBL INFS ETF IV   $581.55
EBND-   SPDR BARCLAYS EMERGING MARKETS ETF   $272.20
DGRS-   WISDMTRE US SMLCP QLT DIV GRW ETF IV   $700.71
CPTNX-   AMERICAN CENTURY GOVT BOND FUND INV CL   $1,008.11
BULIX-   AMERICAN CENTURY UTIL FD INV   $1,073.77
CSRSX-   COHEN & STEERS REALTY SHARES   $558.76
DMCRX-   DRIEHAUS MICRO CAP GWTH FD INST   $214.86
ICLEX -ICON CONSUMER STAPLES FD CL S   $203.36
ICENX-ICON ENERGY FUND CL S   $353.74
ICBMX-   ICON NATURAL RESOURCES CL S   $246.38
PHYZX-   PRUDENTIAL HIGH YIELD FUND CL Z   $1,076.84
WHOSX-   WASATCH HOISINGTON US TREASURY FD INV   $507.32
336466EF0- 1ST ST BK OF BLA 0.65%16 CD FDIC INS DUE 11/17/16 BLAKELY GA   $1,000.94
Cash- $3,091.64
Total   --   $21,624.53
« Last Edit: May 08, 2016, 01:17:33 PM by dalekeener »

2Birds1Stone

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Re: Help Re-positioning My Portfolio
« Reply #1 on: May 08, 2016, 02:45:27 PM »
Dude....10 years away from retirement I would get this thing diversified and allocated according to your risk tolerance.

If you don't know your risk tolerance take all those funds. Convert them to 50% Total Stock Index Fund and 50% Total Bond Index Fund and do some reading on asset allocation, risk tolerance, etc etc before figuring out an allocation you are comfortable with long term.

I would get out of the individual stocks ASAP.


humblefi

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Re: Help Re-positioning My Portfolio
« Reply #2 on: May 08, 2016, 04:28:56 PM »
Realization is half the battle won. So, congrats on that step...it is one important step done among many steps.
My feedback is two fold.

1.
I agree with the previous poster that it is safer and more diversified to use some good mutual funds.
Please read up this article for a person who is 15yrs away from retirement to get an idea. http://news.morningstar.com/articlenet/article.aspx?id=714280
If you want to read up other similar model portfolios, then here is the link. http://www.morningstar.com/content/morningstarcom/en_us/model-portfolios.html

2.
I would also suggest that you open a Vanguard account and talk to a Vanguard Financial advisor. If I remember correctly, the cost is $250 for the first consultation.
Give the planner your situation and ask for a plan. If you have read up the links I posted in the previous point, the planner's talk will make sense.
You can also try some other fixed cost planners like LearnVest...but they are more expensive but more importantly fixed cost.

Once you have steps 1 and 2 done, I expect that you will have a good clean up plan for your portfolio as well as a plan for your retirement. Without an overall plan, suggesting investments would not only be difficult but incorrect as well.

Hope that helps.

dalekeener

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Re: Help Re-positioning My Portfolio
« Reply #3 on: May 08, 2016, 06:45:43 PM »
Dude....10 years away from retirement I would get this thing diversified and allocated according to your risk tolerance.

If you don't know your risk tolerance take all those funds. Convert them to 50% Total Stock Index Fund and 50% Total Bond Index Fund and do some reading on asset allocation, risk tolerance, etc etc before figuring out an allocation you are comfortable with long term.

I would get out of the individual stocks ASAP.

Should I use in your opinion mutual funds or etf's?