How I'm Simplifying My Portfolio | Live Q&A

[@vincentchan5773]

I currently have 75% SCHD and 25% SCHG Roth IRA. Brokerage account is SCHD, VGT, VUG, alongside some individual stocks! Just passed 500K from an initial 75K startup in 2022. I am 43 and I plan on working until 50 hope to be at ~$1M soon enough

[@Jones21554]

I lost a lot chasing individual stocks and I feel pretty stupid for not understanding how investing works. I have a double major in economics but I’ve been trying to make sense of the market. Well done on profits!

[@JoshawnWilliams-s7b]

Nice. I'm doing some research on VUG & SCHD now, seems like very solid choices. Congrats on nearing retirement. 7 years will fly.....unless of course you hate your job lol....

[@vincentchan5773]

Love my job. Over 25 years as a mechanic for a Major Airline. Great company. Just wish I knew about the financial markets years ago. But still with a good CFA I am doing great. It's a nice hands-off way to approach it. Glen Howard Chester manages my funds , and he has a great team. I conservatively follow his recommendations and market entry and exit points, and tbh this system makes investing fairly simple for me.

[@KevinCollins-kg5hl]

I looked up Glen and found his consulting page. I’ve got to say his credentials are truly impressive! I've scheduled a call to discuss further

[@Jones21554]

​ @vincentchan what is the fee you are charged for the services offered, did you pay any upfront fees for consulting? Because I just set up a consult and I am not sure what to expect back.

[@jpsantosss]

Hi Rob! Im 30 and have 2 funds in my 401k and Roth IRA. Both are the same. 75% VTSAX + 25% VTIAX. Love listening to you!

[@Omar-et7sb]

Oh lord... I saw it happen live! Rob became a "VT and chill" reddit Boglehead! :)

[@UCSF2023]

Lump Sum vs. Monthly Pension - I just did this for greater than $2M, and I never imagined how stressful it would be. However, Rob did a great video on the psychology of receiving large lump sums of money. This decision requires an amazing amount of pre-planning. Best

[@mikederucki]

I reviewed a portfolio of a family member managed by an “RIA” - had 55 tickers and performed as well as 85% cash /15% SP500 over the last 10 years. The fees, taxes, and opportunity cost for it all was an extraordinary sum

[@kenm8162]

Started working on simplifying a few years ago when a few childhood friends passed in their early 50's, trying to make life easier for the other half if something happens to me. Rolled both TSP and WA Pers2 into an IRA and started making Roth conversions. While I liked TSP funds it was their withdrawal and inheritance rules that caused me to leave. The WA Pers2 would be non inflation adjusted for 11 years since I retired at 54 and it would not pay out till 65. Over the past 3 years I went from 5 retirement accounts, 3 taxable, down to 2 Roth's. Closed multiple old bank accounts and Credit Cards. Went from 3 investment companies to one. While I did it to make it easier for her it made me realize how much time/effort was wasted chasing pennies.

[@hownwen]

Would love to see the backdoor Roth

[@stephenholcomb9278]

Great Video Rob. I really like this format. I don't think you can ever go "in depth" enough! Early in the video you were worried about getting in the weeds. Get in there! :)

[@HB-yq8gy]

I just stick to our plan VIIX,VTI,VWENX and VFORX IRAs. VTI, VIEIX & VXUS for Roths. 68% stock 23% bonds 9% cash. We have one pension no debt we will start to spend down once my wife retires in 2 years at 61 or 62 y/o. Then we both will collect SS 62 y/o.

[@Rbecker26]

Just curious as to what stock to bond allocation you plan on having when you're 65, do you plan on reducing your stock allocation? Thank you.

[@everlastingarms3065]

Rob asks by break out into 3 funds (i.e. Lge Growth SCHG, Lge Value SCHD, Lge Blend SWPPX). Simple: I want to weight a little more towards Growth right now, so I have more in SCHG. And in the future, if I choose to weight towards value, I'll move to SCHD. It gives me a modicum of control instead of a 50/50 blend.

[@Bokescreek]

I really appreciate your sharing your own portfolio--it makes things real. (What would be even more helpful as we all sit here comparing our allocations to yours is the size of your portfolio--but I realize that would be inappropriate.) Thanks again for your good work.

[@FindependenceCanada]

I have 2 funds. Equities in XEQT and then an emergency fund/short term in CASH ETF

[@erickarnell]

My 401(k) has been in one large cap equities fund for a long time. Now I'm less than ten years from retirement, so I'm starting to put money in a bond fund as well so that I'm closer to my 80/20 target when I eventually pull the trigger.

[@rapfreak7797]

Good plan. Just make sure that if you’re doing any Roth you don’t contribute bonds there

[@karenduplease]

@@rapfreak7797 I am a newbie getting ready to do my first Roth Conversion can you please explain why you would not want to have bonds in your Roth? I understand this would be the last account to take money from so it has plenty of time for growth.

[@DennisBryant-dp4cy]

@@karenduplease The purpose of a Roth conversion is to reduce RMDs/taxes. You want your lowest yielding investments (bonds) in your IRA because this account drives RMDs.

[@karenduplease]

@@DennisBryant-dp4cy Thank you.

[@RRalphy96]

Great content Rob. I simplified all my accounts. I’m doing some forward thinking here to protect my wife should something happen to me. We now have a “gone fishing” portfolio.

[@michaeltilson-h2z]

would love to know your 'gone fishin" portfolio

[@SueTNguyen]

Me too!

[@JS-cg6cv]

Haha!!! Every time my husband settles a case, my question to him is never how much money, but it is always, "how many bankers boxes can we get rid of?!!".

[@anothername2730]

Berger Boy is back!!!

[@2024FingersCrossed]

I need to simplify mine as well.

[@jerrygreitens2522]

VT and chill bro.

[@DEGoodman]

@rob how about a segment on solo v Sep IRAS, pros cons reporting requirements etc.

[@Timothythebrewer]

Nice vid! Here's one for the hive mind. I've been consolidating my retirement portfolio for the past 6 months. I am down to consolidating bond funds which at the peak, my advisor had me in 5! I am increasingly falling out of favor with bond funds due to returns, lack of visibility and control, inability to hold the underlying positions to maturity, preservation of principal, etc. I am now looking to ladder with direct investment in treasuries, CDs of varying duration. I'm of course getting push back from my advisory firm as they only structure this type of investment for amounts of $500k or greater! Suggestions? 🤔

[@InterCity134]

The pension vs lump sum was of interest. Isn’t there a rule of thumb on lump bs payment? Like a 6% rule? Would have loved to see that gone over with an explanation.

[@ruthgirl]

I know this is off topic of the 3 fund portfolio, but what are your thoughts on Palantir?

[@gcburkett]

I missed the first part of the live stream. I have reduced the number of funds but still have more than needed. I also have my current 401k plus 3 seperate rollover IRAs. I will certainly rollover my 401k when I retire. I have VTIP, BSV, VCIT and money market fund. I am thinking dividing BSV between VTIP and VCIT. Do you keep equal amounts between VTIP and BND?

[@marttilaine6778]

Let's go Rob!

[@MidgardEchoes]

Please do a video about off shoring money especially for us post-election that want to protect our assets in case things go terribly wrong and have to flee. Singapore, Switzerland, Belize?

[@zachmeinert3695]

Probably btc in a cold wallet

[@lindapatrick2676]

Thanks again for your videos!!

[@DEGoodman]

But if you are buying tips aren’t they inflation protected so why worry about duration other than to match your cash flow needs?

[@lesbolstad]

The S&P is setting up for a massive draw down. Might not be this year, next year, or 3 years from now but it's coming and it will destroy a lot of portfolios

[@guamhaze]

I always look forward to your live shows Rob. I cannot always make it live due to work, but I always look forward to your videos in my feed. Thank you for all that you do 🙏 Hopefully we can get that Oregon v OSU rematch (Championship maybe…?) Go Ducks! 🦆💚

[@drbill08]

One big takeaway is it's hard to make predictions, especially about the future.

[@geoffgordon9569]

For the generations younger than mine (Gen X). What is on your right wrist?

[@rob_berger]

An Apple Watch.

[@TaylorAdair-r9l]

Appreciate the detailed breakdown! Just a quick off-topic question: My OKX wallet holds some USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). Could you explain how to move them to Binance?

[@marym5770]

Excellent teaching!

[@dianediliberto1876]

Thanks for the video.

[@leesmith9299]

8:29 they do say look at what people do rather than what they say to find out what they really think.

[@Justme-wu5nw]

content suggestion SWHAB .. there investment income tab has all the wrong info as far as current year income made to date and also 2023 income made and 3 customer service people with Swhab agreed and I am talking fixed income only so it should be simple but there putting out false data !

[@Gtbg641]

Great discussion Rob. I just wonder . Would your simplified portfolio outperformed your earlier more “complex portfolio “ on the run up to retirement. I’m actual doing the same but I am finding hard to sell stocks and factor funds that have served me well.

[@kevn23]

Always have 5 or so years of living expenses in fixed income and the rest in one broad index fund. This is as simple and safe as it gets.

[@edorofish]

I sold out of my winning stocks and took the gains. I find myself tempted to buy them again. I bought some JPM and now feel like I should sell again and keep my ETFs. I manage my son's account and he has one mutual fund (FXAIX) and is up 26% for 1 year and after selling all my stocks I'm up 18%. I don't mess with my son's account but I'm always fiddling with my investments. Hopefully I can leave my account alone and let it grow in the 3 ETFs I own.

[@tompGA]

Roth Conversion vs Capital Gains Harvesting? To stay under the 0% CG cap, I can either do a Roth Conversion of about $35k or do some CG harvesting in my brokerage account to reset my investment basis, and again up to about $35k. Any opinion of direction.

[@johnny_blades]

Everyone has their own strategy, but I dumped BND earlier in the year. Bonds have been horrible! I use 2-3 funds in my accounts: SPLG, QQQM are the main ETF's. Some SCHG as well. SCHG yield is at 31% and I bought the dip in Aug & Sept with NVDA and now I'm up 35%....my only individual stock. Buy and hold is not the way to go in this market. Risk management is the only option to maximize.....take profits and reinvest. Being conservative in this bull market isn't a smart move IMO., but do your thing and good luck!

[@MARTINA-gc3tq]

BONDS! 😂

[@Austin-fc5gs]

It doesnt seem like a fair claim that all stocks are valued high, but since shiller is cap weighted its really the high market cap stocks which apple is a part of.

[@lisadelgado8144]

What happens when Stocks in your roth account become worthless of have substantial losses

[@charliehargrave7458]

Why not go to index mutual funds and forget the hassle.

[@Markazoid6041]

Because they are not tax efficient in after tax accounts and it would not make for a very good show lol

[@BB-cs3kk]

@robberger. Hi Rob Would you keep TIPS fund with enough COLA adjusted SS and pension Thanks