Control of my IRA

[ECrew28]

Ok so I finally bit the bullet and pulled my rollover IRA over to Fidelity where I can manage it.  No longer paying (face punch) to have it managed.  That being said, I am noticing some things that I think are redundant.  I was wondering if I could get some help of this existing allocation:

SPAXX   Money Market - Cash                           5.47%
META   Meta Platforms (Facebook)                   8.17%
XLE       Select Sector SPDR TR Energy                   4.08%
V       Visa Inc                     5.43%
VOO       Vanguard Index Funds S&P 500 ETF   10.2%
VUG       Vanguard Index Funds Growth ETF      10.2%
EPD       Enterprise Prods Partners LP              3.79%
DGRO   iShares Trust Core Dividend Growth   4.43%
IWR       iShares Trust Rusell MidCap ETF      5.11%
ARKK   ARK Trust Innovation ETF         2.21%
AMZN   Amazon.com Inc            6.34%
TRBCX   T Rowe Price Blue Chip Growth      15.4%
PRWCX   T Rowe Price Capital Appreciation   14.8%
APDKX   Artisan International Value Fund           4.37%

I feel like the T Rowe stuff has to go, the ARKK has to go, and the Artisan Intl has to go.  The individual stocks appear to be purchased as IPO, so they've been sitting for awhile.  Anyway, just trying to make heads or tails of this.

I ended up moving it to Fidelity because that is where my Roth IRA and 401k are at.  And, my existing advisor retired, and this was going to be handed off to some new guy that I had no relationship with. 

[MDM]

See the Fidelity suggestions in the Boglehead style section, and click on the Fidelity link there for more information.

Because this is within an IRA there are no tax consequences* to whatever you do, so you can construct whatever portfolio you want without tax concerns.

Nothing magical about the Boglehead-style portfolio but it - along with many other options - is a reasonable thing to do.


*OK, if you buy something in the IRA within 30 days of selling the substantially identical thing in a taxable account there are tax consequences, but not other than that.

[ATtiny85]

And, my existing advisor retired, and this was going to be handed off to some new guy that I had no relationship with.

Yeah, helping to fund one advisor's retirement is enough.

Dump all that crap and buy what is in the link MDM sent.

[ECrew28]

Thanks for the great information.  So does it make sense to leave anything in cash within an IRA?  Im not retiring any time soon (45yrs old).  Am I losing out by keeping 5-10% in cash?  I don't have a preference, but was just looking for thoughts. 

[BicycleB]

Thanks for the great information.  So does it make sense to leave anything in cash within an IRA?  Im not retiring any time soon (45yrs old).  Am I losing out by keeping 5-10% in cash?  I don't have a preference, but was just looking for thoughts.

Most likely, it doesn't make sense to leave anything in cash within your IRA; most likely, you are losing out by keeping 5-10% in cash. This is because the expected return of index funds is higher than cash, and the longer your timeframe, the more likely your index funds are to beat cash eventually.

In saying the above, I assume from the other wording of your posts than you're not planning to FIRE soon. If you were, arguably some cash or bonds might make sense, depending on your other resources. But if you're going to keep working for a while, just invest what you have and keep adding to it - no need for low performing cash when you're earning more than you spend and your main goal is long term appreciation.

PS. Congrats on the wise moves of taking control, and shifting to low cost reliable broker.