Yes, you could do that,e.g. tax loss harvesting. Develop your own style.
Thanks. I've been reading that a lot of people view their entire portfolio as one, but, I don't know, it doesn't seem like that makes a lot of sense UNLESS, the money in the entire portfolio is intended for one single purpose (i.e. FIRE or regular retirement).
When I think about my taxable investment account, I think of it as a backup to my savings or emergency fund. In a way, more of a higher interest savings account I hope I never have to touch, but, if I do, I can. So maybe I'll pull money out of there if I total my car and need to buy a new one. Or, if I have a major home repair that I can't cover out of my regular savings which covers smaller unexpected costs (sub $2K costs). I also want to have a little "play" money where I can invest in individual stocks that I like, and am willing to bear the risk of losing the money.
So maybe what I need to do, and please tell me if you guys think it's weird or a bad move ....
I need to either set up 2 taxable investment accounts as follows:
Taxable Investment Account 1 - Retirement(Long-Term, Re-balance only; Do Not Sell; Consider part of retirement portfolio)
100% - Tax efficient fund placements such as int'l stocks
Taxable Investment Account 2 - Mid Term(Backup to Emergency Fund; Touch only in case of emergencies or significantly large expenses)
100% - 3-fund portfolio (Total Stock/Int'l Stock/Bonds)
Taxable Investment Account 3 - Play Money(For individual stocks that I'm personally interested in, in the long haul, but willing to incur greater risk here)
100% individual stocks
So I would group "Taxable Investment Account 1" in with my "retirement" portfolio, and consider Account 2 and 3 separately as part of my "investments" portfolio.