Inexperienced investor needing help with $1+ million portfolio

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gintachatora
Posts: 6
Joined: Sat Jan 25, 2014 11:32 pm

Inexperienced investor needing help with $1+ million portfolio

Post by gintachatora » Sat Oct 26, 2019 10:25 pm

<Update>

Hi there,

Thank you to all of you who have reviewed or/and answered my questions. I'm grateful for your insight.

I realized I did not share my information in the structured format as suggested so I'm updating my post with relevant information.

Thank you for taking the time to review/answer my questions. I really appreciate it.

Sincerely,

Gintachatora


Current emergency funds: 8-12 months
Debt: $50k @ 3.8% on a $160k condo
Tax status: Single
Tax rate: 24% Fed, 4.25 State (Michigan)
State of residence: MI
Age: 48
Desired asset allocation: 65% stock 35% bond (open to suggestion)
Desired int’l allocation: 10-15% (open to suggestion)

Current assets (not including 12 months emergency)

Cash (16.7%) 235k @ 2% in money market

Taxable (20.3%)
Cash 160k
Vanguard 500 Index Admiral (VFIAX) 125k (0.04%)

401k (44.4%)

FID CONTRAFUND (FCNTX) 156K (Expense ratio 0.82%)
FED INST HIGH YLD IS (FIHBX) 143K (0.5%)
BTC EQUITY INDEX M 93K (0.02%)
FID STRATEGIC INCOME (FADMX) 74K (0.69%)
JHANCOCK INTL GR R6 (JIGTX) 49K (0.88%)
FID SMALL CAP GR K6 (FOCSX) 43K (0.6%)
BTC MDCP EQ IDX M 31K (0.03%)
FID INTL INDEX (FSPSX) 31K (0.035%)

Roth IRA (2.5%) – cash 35k (recently moved to E*Trade)

Rollover IRA (16.1%)– cash 225k (recently moved to E*Trade)

Total 100% (cash/taxable/401k/Roth/Rollover IRA)

401k available funds (name/ticker/expense ratio)

BTC EQUITY INDEX M 0.02%
FID CONTRAFUND (FCNTX) 0.82%
INVS DIVRS DIVD R5 (DDFIX) 0.52%
BTC MDCP EQ IDX M 0.03%
DFA US TARGET VAL R1 0. 47%
FID SMALL CAP GR K6 (FOCSX) 0.6%
SS RSL SM CAP IDX S 0.052%
DODGE & COX INTL STK (DODFX) 0.63%
FID INTL INDEX (FSPSX) 0.035%
HRDG LVNR IS EMG MKT (HLMEX) 1.27%
JHANCOCK INTL GR R6 (JIGTX) 0.88%
BTC LIFEPATH 2020 L 0.09%
BTC LIFEPATH 2025 L 0.09%
BTC LIFEPATH 2030 L 0.09%
BTC LIFEPATH 2035 L 0.09%
BTC LIFEPATH 2040 L 0.09%
BTC LIFEPATH 2045L 0.09%
BTC LIFEPATH 2050 L 0.09%
BTC LIFEPATH 2055 L 0.09%
BTC LIFEPATH 2060 L 0.09%
BTC LIFEPATH RET L 0.09%
INVESCO STABLE VALUE TRUST 0.1596%
FED INST HIGH YLD IS (FIHBX) 0. 5%
FID STRATEGIC INCOME (FADMX) 0.69%
VANG TOT BD MKT INST (VBTIX) 0.035%
WF SHORT TERM BND IS (SSHIX) 0.46%

Contributions

New annual contributions
401k (maxing every year with 6% matching from company)
Other (2k/monthly available for investment)

Questions:

1. What to do with all the cash? How should I invest?
2. Any adjustment recommended for my 401k?
3. Should I invest a portion of cash in investment vehicles other than stock/bond to diversity? (i.e. rental property, precious metal etc.)
4. In anticipation of recession, any adjustment recommended in my portfolio with retiring in 12 years in mind?
5. How should I invest/manage 2k available monthly? (4k if mortgage is paid off)


-------------------
<Original post>

Hi there,

I can use your advice, as I'm rather inexperienced in investing.

I have 620k in 401k (65% stocks, 35% bonds...FCNTX 25%, BTC EQ Index 15%, JIGTX 8%, FOCSX 7%, BTC MDCP Index 5%, FSPSX 5%, FIHBX 23%, FADMX 12%). I also have 225k in IRA and 35K in Roth IRA which I recently moved from Merrill Lynch (for lack of return over 5 years and mediocre support) to newly created E*TRADE accounts and currently they are cash. My first question is for this 260k of cash in retirement accounts, should I simply mirror my 401k fund selections or try something different since I have more options at E*TRADE than at company 401K. Also is 65%/35% stock/bond ratio appropriate with 12 years till retirement (I'm 48 years old)?

I also have a brokerage account with 160k in cash (undecided) and 125k in VFIAX. I'm interested in creating individual stock portfolio while keeping 125k in VFIAX. My purpose for the money in brokerage account is for long term growth/income but I do not know how many stocks I should invest in other than I have a few stocks in a few different industries I'm interested in. I use some suggestions here. I can also allocate up to 2.5k in investing on a monthly basis from my day job.

Lastly, I have 300k in savings account. 100k is sitting with virtually no interest while 200k is in a money market account @ 2% intro APY that's ending in a month. I consider 100k as emergency fund but would like to invest the rest either in stock/bond or perhaps in real estate (rental properties) or non-stock/bond vehicles to diversify asset allocation. Any suggestions would be appreciated.

Only debt I have is my mortgage with 50k more to go @ 3.8% interest rate.

Thank you for your wisdom.
Last edited by gintachatora on Sun Oct 27, 2019 9:27 pm, edited 3 times in total.

aristotelian
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Re: Inexperienced investor needing help with $1+ million portfolio

Post by aristotelian » Sat Oct 26, 2019 10:37 pm

You might read the Wiki on asset allocation. You can optimize for tax efficiency by allocating your accounts differently. Generally that means stocks in Roth and taxble, with bonds and stocks in pretax accounts. https://www.bogleheads.org/wiki/Tax-eff ... _placement

Most of us generally discourage individual stocks, although one of the biggest disadvantages - tradings fees - has recently become a nonissue. Still, your individual stocks have the same expected return as an index fund but with much less diversification.

psy1
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Re: Inexperienced investor needing help with $1+ million portfolio

Post by psy1 » Sun Oct 27, 2019 12:30 am

If you are inexperienced you should avoid individual stocks.

You portfolio is too complicated. Of course, the more parceled your portfolio is into various subaccounts - multiple tax-deferred plus multiple taxable than complexity amplifies.

I agree that you should read about the bogleheads principles - in general terms decide on an asset allocation, broadly diversify within that allocation, own just a few very inexpensive mutual funds or ETF's, and then work out the tax-efficiency of which investment should go in tax-deferred or taxable accounts. Rebalance at least annually.

You should also keep an eye on investing overhead, i.e. expenses. Within your work retirement accounts, you might find that some funds have relatively high expense ratios and some don't. For example, most offer a few index funds (e.g. S&P500) with very low expenses and a bunch of actively managed funds with high expenses. You might decide to place your S&P allocation in that retirement fund because it is the best option for lowering expenses.

You will need to decide if it makes the most sense to put your bond allocation in taxable or tax-deferred as well. Various opinions on that in a low interest rate environment. Others can opine on that.

Don't do anything until you can write down a cogent investor plan for your existing money and future savings. Read up on what makes a good investor plan.

inbox788
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Joined: Thu Mar 15, 2012 5:24 pm

Re: Inexperienced investor needing help with $1+ million portfolio

Post by inbox788 » Sun Oct 27, 2019 6:30 am

gintachatora wrote:
Sat Oct 26, 2019 10:25 pm
100k is sitting with virtually no interest...Only debt I have is my mortgage with 50k more to go @ 3.8% interest rate.
1) Pay off mortgage. Done. Save $2k immediately. Invest your equivalent mortgage payment.
2) What are the expense fees on your funds? Invest in low cost index funds whenever possible, often 0-0.03. On average you immediately gain the expense fees. Scrutinize anything greater than 0.1. Hopefully you have better choices in your plans. What are the 3 lowest fees stock funds and bond funds?
3) https://www.bogleheads.org/wiki/Getting_started
4) viewtopic.php?f=1&t=6212

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Brianmcg321
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Re: Inexperienced investor needing help with $1+ million portfolio

Post by Brianmcg321 » Sun Oct 27, 2019 7:25 am

You should read the book "The Simple Path to Wealth"


Trying to pick individual stocks is folly.

Just put all your taxable stuff in VTSAX.

Watch Jim Cramer for entertainment. Not financial advice.
Rules to investing: | 1. Don't lose money. | 2. Don't forget rule number 1.

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Raymond
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Re: Inexperienced investor needing help with $1+ million portfolio

Post by Raymond » Sun Oct 27, 2019 8:49 am

OP, welcome back to Bogleheads!

Here's your initial thread from January 2014: viewtopic.php?f=1&t=131603&p=1937764#p1937764

Many posters there suggested paying off your $110,000 mortgage then, but you never came back to that thread.

Since you didn't pay it off then, +1 to the suggestion above that you pay it off now that it's down to $50,000.

To help us help you, could you please edit your first post in this thread to use this format from the pinned thread from the top of this forum:

"Asking Portfolio Questions"

Please include the *full names* of each mutual fund and their expense ratios, along with the other information.
"Ritter, Tod und Teufel"

Topic Author
gintachatora
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Joined: Sat Jan 25, 2014 11:32 pm

Re: Inexperienced investor needing help with $1+ million portfolio

Post by gintachatora » Sun Oct 27, 2019 9:26 pm

Raymond, thank you so much for clarifying how I should go about sharing my information. I have just updated my original post in the recommended format. I'd appreciate your input. Thanks again.
Raymond wrote:
Sun Oct 27, 2019 8:49 am
OP, welcome back to Bogleheads!

Here's your initial thread from January 2014: viewtopic.php?f=1&t=131603&p=1937764#p1937764

Many posters there suggested paying off your $110,000 mortgage then, but you never came back to that thread.

Since you didn't pay it off then, +1 to the suggestion above that you pay it off now that it's down to $50,000.

To help us help you, could you please edit your first post in this thread to use this format from the pinned thread from the top of this forum:

"Asking Portfolio Questions"

Please include the *full names* of each mutual fund and their expense ratios, along with the other information.

inbox788
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Re: Inexperienced investor needing help with $1+ million portfolio

Post by inbox788 » Sun Oct 27, 2019 9:33 pm

gintachatora wrote:
Sun Oct 27, 2019 9:26 pm
Raymond, thank you so much for clarifying how I should go about sharing my information. I have just updated my original post in the recommended format. I'd appreciate your input. Thanks again.
Thanks for updating the funds.

1) Keep adequate emergency fund
2) Pay off mortgage, invest cash flow
3) Invest in 3 fund portfolio

We have 3 winners!!! Invest it in a 3 fund portfolio. [little odd it's 3 different companies for the funds, but the EF are winners]

https://www.bogleheads.org/wiki/Three-fund_portfolio

gintachatora wrote:
Sat Oct 26, 2019 10:25 pm
BTC EQUITY INDEX M 0.02%
FID INTL INDEX (FSPSX) 0.035%
VANG TOT BD MKT INST (VBTIX) 0.035%

HomeStretch
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Re: Inexperienced investor needing help with $1+ million portfolio

Post by HomeStretch » Sun Oct 27, 2019 9:55 pm

You are contributing $19k to your 401k. With the additional $2k/month (or $4k/month if you pay-off your mortgage):

1. $6k Roth IRA contribution. If your income is too high for a direct Roth contribution, you could rollover your E*Trade pretax IRA balance into your 401k (if it accepts rollovers in) in order to do a Backdoor Roth without being subject to the pro rata rule. BH wiki page on Backdoor Roth:
https://www.bogleheads.org/wiki/Backdoor_Roth

2. *If your 401k plan allows it* 18k+ in 401k after-tax (non Roth) contributions that are converted to Roth via an in-plan Roth rollover or in-service rollover to a Roth IRA (mega Backdoor Roth). You can contribute up to $56k per year to your 401k = $19k employee deferral + employer match + after-tax (non Roth) employee contributions.
BH wiki page on after-tax contributions and mega Backdoor Roth:
https://www.bogleheads.org/wiki/After-tax_401(k)

3. Balance to a Taxable account.

retiredjg
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Re: Inexperienced investor needing help with $1+ million portfolio

Post by retiredjg » Tue Oct 29, 2019 7:35 am

Thank you for posting this extra information. This is something we can work with.

Debt: $50k @ 3.8% on a $160k condo
There have been several suggestions to pay this off. I don't think it matters if you pay it or not. However, it does not make any sense to have money sitting in cash (earning you 2% or less) while paying 3.8% on a mortgage. So either invest the money or pay the mortgage off.

Desired asset allocation: 65% stock 35% bond (open to suggestion)
Desired int’l allocation: 10-15% (open to suggestion)
These are both reasonable choices.

Cash (16.7%) 235k @ 2% in money market
Since this is not your emergency fund, it is actually part of your taxable account. That means you have a total of $395k sitting around not doing much. This money needs to be invested unless you have a plan to buy a house or something.

Can you tell us why you have not already invested it?

BTC EQUITY INDEX M 0.02%
FID CONTRAFUND (FCNTX) 0.82%
INVS DIVRS DIVD R5 (DDFIX) 0.52%
BTC MDCP EQ IDX M 0.03%
DFA US TARGET VAL R1 0. 47%
FID SMALL CAP GR K6 (FOCSX) 0.6%
SS RSL SM CAP IDX S 0.052%
DODGE & COX INTL STK (DODFX) 0.63%
FID INTL INDEX (FSPSX) 0.035%
HRDG LVNR IS EMG MKT (HLMEX) 1.27%
JHANCOCK INTL GR R6 (JIGTX) 0.88%
BTC LIFEPATH 2020 L 0.09%
BTC LIFEPATH 2025 L 0.09%
BTC LIFEPATH 2030 L 0.09%
BTC LIFEPATH 2035 L 0.09%
BTC LIFEPATH 2040 L 0.09%
BTC LIFEPATH 2045L 0.09%
BTC LIFEPATH 2050 L 0.09%
BTC LIFEPATH 2055 L 0.09%
BTC LIFEPATH 2060 L 0.09%
BTC LIFEPATH RET L 0.09%

INVESCO STABLE VALUE TRUST 0.1596%
FED INST HIGH YLD IS (FIHBX) 0. 5%
FID STRATEGIC INCOME (FADMX) 0.69%
VANG TOT BD MKT INST (VBTIX) 0.035%
WF SHORT TERM BND IS (SSHIX) 0.46%
The funds in blue are your best choices.


1. What to do with all the cash? How should I invest?
For the taxable account, I suggest you invest in a total stock market index and a total international stock index. You can hold all of your international in the taxable account which means you won't need the international fund in the 401k.

2. Any adjustment recommended for my 401k?
You do not need all the funds you have and several of them are high cost. I'd put your entire bond allocation in this account and fill the rest of it with US stocks.

3. Should I invest a portion of cash in investment vehicles other than stock/bond to diversity? (i.e. rental property, precious metal etc.)
That's up to you, but rental property should only be owned by people who have a passion for being in that business. I don't think precious metal is required, but a small allocation would not hurt an otherwise good portfolio.

4. In anticipation of recession, any adjustment recommended in my portfolio with retiring in 12 years in mind?
Your only "protection" in a recession is your stock to bond ratio. I'd suggest that you give some thought to what stock to bond ratio you want when you actually reach retirement and migrate your portfolio to that number over the next 12 years.

5. How should I invest/manage 2k available monthly? (4k if mortgage is paid off)
We'll come back to this once I get an idea where you want to go with your portfolio.

I do NOT recommend individual stock.

retiredjg
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Re: Inexperienced investor needing help with $1+ million portfolio

Post by retiredjg » Tue Oct 29, 2019 7:42 am

Here is an example of how your portfolio could look.



Taxable 37%
Total stock Index
Vanguard 500 Index Admiral (VFIAX) 125k (0.04%)
10% Total International Index

401k (44.4%)
9.4% BTC EQUITY INDEX M
35% VANG TOT BD MKT INST (VBTIX) 0.035%

Roth IRA (2.5%)
2.5% Extended Market Index

Rollover IRA (16.1%)
lots of choices here

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Will do good
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Re: Inexperienced investor needing help with $1+ million portfolio

Post by Will do good » Tue Oct 29, 2019 10:14 am

retiredjg wrote:
Tue Oct 29, 2019 7:42 am
Here is an example of how your portfolio could look.



Taxable 37%
Total stock Index
Vanguard 500 Index Admiral (VFIAX) 125k (0.04%)
10% Total International Index

401k (44.4%)
9.4% BTC EQUITY INDEX M
35% VANG TOT BD MKT INST (VBTIX) 0.035%

Roth IRA (2.5%)
2.5% Extended Market Index

Rollover IRA (16.1%)
lots of choices here
+1, Keep it simple and cover the board bases.

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Googliebear
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Re: Inexperienced investor needing help with $1+ million portfolio

Post by Googliebear » Tue Oct 29, 2019 5:44 pm

Brianmcg321 wrote:
Sun Oct 27, 2019 7:25 am
You should read the book "The Simple Path to Wealth"


Trying to pick individual stocks is folly.

Just put all your taxable stuff in VTSAX.

Watch Jim Cramer for entertainment. Not financial advice.
+1

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Watty
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Re: Inexperienced investor needing help with $1+ million portfolio

Post by Watty » Tue Oct 29, 2019 7:36 pm

I agree with the prior comments about paying off your mortage.

It would also be good to set aside some money to pay cash for your next car when you need a replacement. That money would be invested more conservatively than your retirement money since it would be needed sooner.
gintachatora wrote:
Sat Oct 26, 2019 10:25 pm
5. How should I invest/manage 2k available monthly? (4k if mortgage is paid off)
Now could be a good time to consider if you should spend a bit more on yourself in the "now" side of the "now vs latter" balance.

If you have any desire to do things like travel then starting to do more of that would be an option to consider. Once nice thing is that taking a trip is a one time expense that does not commit you to ongoing expenses like buying a boat.

mvilleguy9
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Re: Inexperienced investor needing help with $1+ million portfolio

Post by mvilleguy9 » Tue Oct 29, 2019 9:52 pm

gintachatora wrote:
Sat Oct 26, 2019 10:25 pm
<Update>

First congrats on accumulating such a large portfolio! Well done!

Current emergency funds: 8-12 months
Debt: $50k @ 3.8% on a $160k condo

First thing I would do is pay off the mortgage. This will also reduce the amount of emergency fund you need since you won't have a mortgage to pay off. Only exception would be if you're planning on buying a bigger place soon.

Current assets (not including 12 months emergency)

Cash (16.7%) 235k @ 2% in money market

Taxable (20.3%)
Cash 160k
Vanguard 500 Index Admiral (VFIAX) 125k (0.04%)

Assuming the 395k in cash isn't part of your emergency, I'd put the whole thing (520k) 50% in VFIAX, 25% in VTIAX and 25% in VBTLX

401k (44.4%)

BTC EQUITY INDEX M 0.02%
FID INTL INDEX (FSPSX) 0.035%
VANG TOT BD MKT INST (VBTIX) 0.035%

I'd go 50 BTC/25 Fid Intl/25 Vang for simplicity. With 12 years to go before retirement you could be more aggressive if you'd like. And that goes for any of these allocations.

Roth IRA (2.5%) – cash 35k (recently moved to E*Trade)
Rollover IRA (16.1%)– cash 225k (recently moved to E*Trade)

I would go with the same allocation as above, 50% in VFIAX, 25% in VTIAX and 25% in VBTLX.

Questions:

4. In anticipation of recession, any adjustment recommended in my portfolio with retiring in 12 years in mind?
A long term portfolio like this should outlast any recessions. As you get closer to retirement you can increase your percentage of bond money.
5. How should I invest/manage 2k available monthly? (4k if mortgage is paid off)
I would invest in the same mutual funds mentioned above. If you want to get a little crazy, you can use that money to convert your Rollover IRA to a Roth IRA. You'll be taxed on what you rollover so be careful you don't jump into the 32% bracket. But you won't be taxed on the money in retirement. Or you can buy a small vacation home too with $4k/month. But that's another discussion :)

Good luck!

Thegame14
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Re: Inexperienced investor needing help with $1+ million portfolio

Post by Thegame14 » Tue Oct 29, 2019 10:54 pm

easiest thing to tackle first is paying off that $50K in debt.

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Raymond
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Re: Inexperienced investor needing help with $1+ million portfolio

Post by Raymond » Wed Oct 30, 2019 11:32 am

Thanks for the updated post.

Did you pay off the mortgage yesterday? :D

Nothing else to add to the excellent suggestions above.
"Ritter, Tod und Teufel"

Topic Author
gintachatora
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Joined: Sat Jan 25, 2014 11:32 pm

Re: Inexperienced investor needing help with $1+ million portfolio

Post by gintachatora » Thu Oct 31, 2019 8:25 pm

Thank you for all the feedback. I really appreciate the valuable insight and wisdom. I hadn't thought about paying off the mortgage but I see the flaw in not doing so while not investing the cash in the meantime. A few more questions:

- My original asset allocation thought was 65% Stock (50% US, 15% Int'l) 35% Bond, and that's how I have my 401k allocated currently. mvilleguy9 suggested the idea of 75% (50/25) stock and 25% bond since I have 12 years till retirement. It feels a bit aggressive but can you share why it would make sense? I understand it's a matter of personal risk tolerance but I want to know why 75/25 would still make good sense.

- Should I put all the bond allocation (whether 25% or 35%) in 401k (+ portion of US total index) instead of taking, for example, the 50/25/25 (US/INTL/BOND) approach for 401k, Roth, IRA, Taxable?

- 395k (235k + 160k) of cash, to answer retiredjg's question, requires a bit of qualification.
235k = cash sitting at a money market account @ 2%.
100k = Merrill Lynch taxable account (managed by ML) I just moved to a new taxable account @ E*TRADE which I plan to invest in index funds
of this 100k, 75k was already cash while 25k was invested in BCICX (cumulative return is 5k)
60k = liquidated stocks, now cash. Plan to invest in index fund

I plan to invest 135k of 235k in index funds while setting aside 100k for potential home purchase (selling current condo potentially) in the next year or so.
Should I park this 100k in money market?

- 225k in IRA was also moved from ML to E*TRADE
220k = invested by ML in Dow 30 stocks which I'd like to invest in index funds (no tax here since it's a pre-tax account, correct?)
5k = cash

- 35k in Roth was also moved from ML to E*TRADE
17k = BIICX (no tax since it's a post tax account?)
18k = cash

Thanks for your input!

retiredjg
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Re: Inexperienced investor needing help with $1+ million portfolio

Post by retiredjg » Fri Nov 01, 2019 7:25 am

gintachatora wrote:
Thu Oct 31, 2019 8:25 pm
- My original asset allocation thought was 65% Stock (50% US, 15% Int'l) 35% Bond, and that's how I have my 401k allocated currently. mvilleguy9 suggested the idea of 75% (50/25) stock and 25% bond since I have 12 years till retirement. It feels a bit aggressive but can you share why it would make sense? I understand it's a matter of personal risk tolerance but I want to know why 75/25 would still make good sense.
Both allocations are reasonable based on just your age. Aside from age, your own risk tolerance is another factor. You should not use an allocation that "feels a bit aggressive" to you because you may find it difficult to maintain happily during bad market times.

- Should I put all the bond allocation (whether 25% or 35%) in 401k (+ portion of US total index) instead of taking, for example, the 50/25/25 (US/INTL/BOND) approach for 401k, Roth, IRA, Taxable?
I would hold the bonds in the 401k and/or IRA, leaving the taxable and Roth space for stock funds.

I plan to invest 135k of 235k in index funds while setting aside 100k for potential home purchase (selling current condo potentially) in the next year or so.
Should I park this 100k in money market?
Money market is one of several good choices. You could also use short term CDs or a high interest savings account. You might want to compare the after tax yield of ordinary money market against tax-exempt money market to see which is best in your tax bracket.

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Nate79
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Re: Inexperienced investor needing help with $1+ million portfolio

Post by Nate79 » Fri Nov 01, 2019 7:55 am

1. Pay off mortgage today
2. Use the target date funds in your 401k

Simplify life and move on. Way too much complexity in your portfolio and the responses from the posters.

Topic Author
gintachatora
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Re: Inexperienced investor needing help with $1+ million portfolio

Post by gintachatora » Tue Nov 05, 2019 10:52 am

I paid off my mortgage today :D

Now looking to adjust my retirement and taxable accounts to reflect 65/35 asset allocation ratio with US/Int’l/bond index funds, and invest into them on a monthly basis.

Thanks again for your valuable input!

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Raymond
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Re: Inexperienced investor needing help with $1+ million portfolio

Post by Raymond » Tue Nov 05, 2019 11:14 am

Congratulations on paying off the mortgage :sharebeer

Make sure the mortgage lender follows up with the proper paperwork; also, you'll be paying your property taxes directly from now on:

"Mortgage Paid Off: Next Steps" - hsh.com
"Ritter, Tod und Teufel"

Topic Author
gintachatora
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Re: Inexperienced investor needing help with $1+ million portfolio

Post by gintachatora » Fri Nov 08, 2019 2:06 pm

For the amount that will be newly converted from cash to 3 funds (VFIAX, VTIAX, VBTIX), would you suggest I do it all at once (= now) or spread over some period of time (i.e. every 3 months x 3 times etc.)?
gintachatora wrote:
Tue Nov 05, 2019 10:52 am
I paid off my mortgage today :D

Now looking to adjust my retirement and taxable accounts to reflect 65/35 asset allocation ratio with US/Int’l/bond index funds, and invest into them on a monthly basis.

Thanks again for your valuable input!

anon_investor
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Re: Inexperienced investor needing help with $1+ million portfolio

Post by anon_investor » Fri Nov 08, 2019 2:13 pm

gintachatora wrote:
Fri Nov 08, 2019 2:06 pm
For the amount that will be newly converted from cash to 3 funds (VFIAX, VTIAX, VBTIX), would you suggest I do it all at once (= now) or spread over some period of time (i.e. every 3 months x 3 times etc.)?
gintachatora wrote:
Tue Nov 05, 2019 10:52 am
I paid off my mortgage today :D

Now looking to adjust my retirement and taxable accounts to reflect 65/35 asset allocation ratio with US/Int’l/bond index funds, and invest into them on a monthly basis.

Thanks again for your valuable input!
Personally I would just do it all at once and not worry about it. You won't know whether doing it all at once or over time works out better until after the fact. One will beat the other, you just won't know ahead of time.

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