FYI: Inspired by organizing consultant Marie Kondo's Netflix show and best-selling book, "The Life-Changing Magic of Tidying Up," people are filling up dumpsters with possessions that no longer "spark joy." Perhaps not coincidentally, Goodwill Stores have also seen a spike in donations of items that have done their jobs (and presumably have been thanked for their service).
Should your portfolio be next on your "To-Kondo" list? I'd say yes, emphatically yes. As with decluttering your home, winnowing down your number of accounts--and the holdings within them--can be incredibly clarifying. With fewer accounts and holdings, you can better focus on the really big determinants of your financial success: your asset allocation, your savings or spending rate, and your proximity to reaching your goals. You won't risk getting bogged down in small-bore jobs like assessing your portfolio's value/growth exposure or paying attention to earnings reports related to stocks that you own.
Regards,
Ted
https://www.morningstar.com/articles/920390/3-retirement-bucket-portfolios-for-minimalists.html
