Throwback Thursday Classic Post – My Investment Portfolio

Posted on Updated on

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.”

Retirement Assets

My retirement financial assets from largest to smallest include: (all percentages are rounded to the nearest whole percentage)

  • 34% – My taxable mutual funds, which is where I put our retirement savings when I fill our retirement accounts. It is currently invested in:
    • 55% – Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX)
    • 44% – Vanguard Total International Stock Index Fund Admiral Shares (VTIAX)
    • 1% – Individual stocks that were gifted to me.
  • 27% – My Thrift Savings Plan (TSP) – Currently invested in the Lifecycle 2030 fund.
  • 15% – My wife’s TSP – Currently invested in the Lifecycle 2030 fund.
  • 14% – My wife’s Roth IRA – Currently invested in the Vanguard Target Retirement 2030 fund.
  • 7% – My Roth IRA – Currently invested in the Vanguard Target Retirement 2030 fund.
  • 1% – My wife’s individual 401k – Currently invested in the Vanguard Target Retirement 2030 fund.
  • 1% – My wife has a 401k that is invested in the Fidelity® 500 Index Fund (FXAIX).

529 Plans

We have two Nevada 529 plans, both of which are at Vanguard and are invested in the age-based investment options.

Liabilities

None. Aside from credit cards we pay off every month, we’re debt free.

Overall Retirement Asset Allocation

  • Stocks – 76% (target 75%)
  • Bonds – 24% (target 25%)

6 thoughts on “Throwback Thursday Classic Post – My Investment Portfolio

    Matt said:
    January 21, 2021 at 06:20

    Thank you for this information. What are your thoughts on using Vanguard’s High Dividend Yield Index Fund Admiral Shares (VHYAX) instead of just the Index fund? It follows the market, is new so it is still cheap per share and it produces a nice dividend.

    Like

    Gordon said:
    January 21, 2021 at 23:02

    Who is your POC at Vanguard?

    Like

      Joel Schofer, MD, MBA, CPE responded:
      January 22, 2021 at 11:21

      I have a person assigned to me and my account, but giving you their name wouldn’t really help you in way.

      Like

    AJ said:
    January 24, 2021 at 19:31

    Thanks for all your information. What are your thoughts on 529 funding priority? After maxing retirement contributions but before taxable? Reducing auto taxable contributions to fund monthly? Taking direct from taxable to fund upfront? Have already transferred GI bill but no 529 yet. 3 kids- still pre school and elementary ages. TIA.

    Like

      Joel Schofer, MD, MBA, CPE responded:
      January 25, 2021 at 07:22

      You will have to figure out your individual plan, but in general you should prioritize your retirement over your children’s’ education. You can borrow money for their school, but you can’t borrow money for retirement. What did I do? I saved my 30% for retirement and then on top of that saved whatever Vanguard’s calculator said I had to save for 2 private college educations. It started at $600/month with my first child and got all the way up to $2200/month at one point when we had 2 kids. After around 10 years of that, we gained the ability to transfer GI Bills. We now have hefty 529 Plans x 2 and 2 GI Bills for 2 kids.

      Like

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s