I used 2007 to invest most of my money that I had made during last bubble. Specifically I have done three things:
- Invest with Merrill Lynch financial adviser. My portfolio at Merrill includes mostly ETFs that cover diversified sectors and countries. I also have AMT free MUNIs to provide bond market exposure (mostly short to intermediate term)
- For earlier part of decade, I have been dollar cost averaging into Vanguard STAR fund. This is a fund of funds that covers large portion of equity market, both US and international, as well as basket of bonds going fro short term maturity to long term maturity. Last month I took the profit and re invested with Vanguard Wellington, another balanced fund with both equity and bond exposure.
- I cleaned up my personal stock portfolio at Scottrade. Got rid of losers that I was holding on to since 2001-2002 time frame. Added GOOG, T, USB and TYW.
My goal is to keep adding to this blog to share my financial journey. Hopefully it can help folks looking for investing ideas. I will try to respond to all questions to educate folks.
June 2007
tech-finance guy
3 comments:
Chirag,
Nice blog there!
BTW, can you share your asset allocation in your Fidelity 401k BL and your PRR so far?
Thanks,
Here it goes:
FID INTL DISCOVERY 25%
SPTN US EQ IND ADVAN 10%
WFA SMALL CAP VAL Z 20%
BROKERAGELINK (FBALX) 45%
I have done adjustments during year, so PRR can be deceiving. None the less it is 8.9%.
Keep in mind that PRR in a small window like 6 months starting from arbitrary date is meaningless in long term picture. Also you have to think about Risk Adjusted PRR. That means taking into account volatility/turnover etc.
What do you think about OAKBX as a replacement for FBALX? I see that OAKBX has done better YTD than FBALX. Over a long period of time, it has done much better than FBALX as well.
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