I write a lot about personal finance. If you are wondering what I’m doing for my own finances, here’s a detailed look at my own portfolio. I’m not going to give you dollar amounts, but percentages. If you want to know the dollar amounts, they can be expressed in one word. I have…enough:
At a party given by a billionaire on Shelter Island, Kurt Vonnegut informs his pal, Joseph Heller, that their host, a hedge fund manager, had made more money in a single day than Heller had earned from his wildly popular novel Catch-22 over its whole history. Heller responds,“Yes, but I have something he will never have . . . enough.”
My financial assets from largest to smallest include: (all percentages are rounded to the nearest whole percentage)
- 24% – My taxable mutual funds, which is where I put our retirement savings when I fill our retirement accounts. It is currently invested in:
- 56% – Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX)
- 37% – Vanguard Total International Stock Index Fund Admiral Shares (VTIAX)
- 7% – Vanguard Prime Money Market Fund Investor Shares (VMMXX)
- 21% – My Thrift Savings Plan (TSP) – Currently invested in this proportion:
- 91% – US stocks
- 75% – C Fund
- 25% – S Fund
- 1% – International stocks (I Fund)
- 9% – US bonds split evenly between the G Fund and F Fund
- 91% – US stocks
- 15% – My paid off house.
- 12% – My wife’s TSP, which is invested 100% in US bonds with a 50/50 split of the G and F Funds.
- 12% – My wife’s Roth IRA, which is invested in:
- 53% – Vanguard Total International Stock Index Fund Admiral Shares (VTIAX)
- 47% – Vanguard Total International Bond Index Fund Admiral Shares (VTABX)
- 9% – We have two 529 plans with Vanguard invested in their aggressive age-based portfolio.
- 6% – My Roth IRA, which is 100% invested in the Vanguard Total International Stock Index Fund Admiral Shares (VTIAX).
- 1% – My wife’s individual 401k, which is 100% invested in the Vanguard Total International Stock Index Fund Admiral Shares (VTIAX).
- 1% – My wife has a 401k that is invested in the Fidelity® 500 Index Fund (FXAIX).
None. Aside from credit cards we pay off every month, we’re debt free.
Overall Asset Allocation
Excluding the pension and my house, here’s my overall asset allocation courtesy of our favorite tool that made all of this easy, Personal Capital: