portfolio adjustment
I am retired for three years. My present portfolio has a mutual fund component that is presently very diversified. So much so that I do not have the capability and acumen to manage it properly. I have been considering consolidating into various diversified index funds. My question, based on the current record high levels of the DJI, is this a good time to make that transfer into index funds?
Terry Says
Aha -- your timing is great! I just this afternoon posted a new column that specifically deals with that issue. Click on this link to read why I've always been a fan of index funds. That said, some diversification is a good idea. If you're working with Fidelity or Vanguard or T. Rowe Price they offer that kind of advice at no cost if you have at least $50,000 invested with them. And that's probably where you have your account because they all have index funds, where broker-sold funds typically don't offer index funds because there is no room for commissions!