Simplyfing Accounts

[NitroZ7]

I am selling most of the individual stocks in my retirement account and shifting them into 4 ETFs. I was thinking that if I take a premature dirt nap my wife is going to be overwhelmed looking at all the individual stocks and won't know how to manage it. I will keep AMZN, MSFT, AVGO and a couple of REITS that are not included in the ETFs. I am still keeping the taxable account in individual stocks since my son and adviser can help her with those. Going to spread the proceeds between DGRW, SCHD, REGL and DIVO and keep the 4 REITS and the tech portion.

[Charles Prestridge]

Based on how you have been using tools to look at exposure of the ETF to different individual stocks, you have the information to select the reduced numbers of ETF’s. You have been teaching us how we may have several different funds, but they have alot of overlap, so we are not diversified as we think.

Right now, my diversification is mostly between S&P index fund, Blue Chip index fund, and Dividend Growth fund.

Thanks for sharing what are doing. I learn and double-check my thinking from you and others here.

[NitroZ7]

Based on how you have been using tools to look at exposure of the ETF to different individual stocks, you have the information to select the reduced numbers of ETF’s. You have been teaching us how we may have several different funds, but they have alot of overlap, so we are not diversified as we think.

Right now, my diversification is mostly between S&P index fund, Blue Chip index fund, and Dividend Growth fund.

Thanks for sharing what are doing. I learn and double-check my thinking from you and others here.

My wife will never be able to keep track and re-balance the account with that many stock positions. I don't look at the account often but when I checked yesterday AVGO was up to a 10% allocation and that was way too high so I cut it in half. I'm not sure she would be able to do that so I will start getting more set and forget with a portion of it. I honestly should have been checking it more frequently so it probably makes sense.

[davidsa]

I'm with you. I don't think anyone can track this other then the orignator. I own only one stock and the rest are mutual funds and ETF's across a company account, a 401k, IRAs, Roth IRA's and taxable holdings. No way my better half could manage this.

I'm on a track to combine them and I have introduced a wealth management firm in the picture. After simplification, I intend to write my wife a plan of how it plays out and will have one of my brother-in-laws with deep financial knowledge available to help.