These are the Wasatch Funds I own today. I have been selling them in one place and then buying in another, booking gains to offset losses on the books. Have been doing so for the past 2 years. Time has come now to sell some and only hold those I want in 2013. Need to start thinking now so I am ready to make adjustments in a jiffy.
WAEMX, WAHGX, WAGOX, WAIGX. Only one - WAEMX is closed now, so if I sell I cannot buy again (since I'm using NTF brokerage)
So I have been pouring over Wasatch Prospectus and Reports all of yesterday. I've looked at asset breakdowns. I'm thinking if I only buy WAIGX and WAHGX, that combined gives me exposure like WAGOX while at the same time gives me enough WAEMX like exposure through WAIGX.
I don't want to have any sudden regrets, so taking baby steps reducing number of funds. Eventually maybe I only own WAGOX to get "all" the exposure I need out of Wasatch (just like in my IRA I do same with GPGOX)
Would appreciate thoughts on this.
Comments
Good advice from bee. TGBAX is in a class of it's own in that sector, and have also considered changing to TTRZX but isn't offered at my broker (Wells). Currently have a limit order for GIM that almost triggered today.
OAKWX & ARTGX are great global equity funds.
And yes I also hold RPHYX as a cash substitute. Not a whole lot, but some.
I should mention I also have SFGIX. Again, folks, I'm reducing my number of funds - that's the objective. A combination of stupidity and trading to book gains vs losses in the books prompted me to buy lot of funds. Don't need to do that as much anymore (and of course I think I'm getting less stupid with age I think)
We all probably evolve to the system that is most comfortable for ourselves. Many here at MFO would say they like to spread there bets out between many managers, kind of an averaging approach. They end up with 30, 50 or more funds. Not for me. I believe there is a point where too many funds diminish returns and indexing would be more appropriate. Easy to lose focus I think. For my own portfolio, I like to have 90% of my money in maybe 10-12 funds that I believe have top notch management with above average track records over time. At times I'll tweak this core portfolio too - a little. For example, I had ARIVX as my only small cap fund at the tune of 10%. Because of it's slow performance in high flying markets, I reduced to 5% and put the other 5% in GPGOX. Two very different small caps so it made sense to me. And I know I'm going to have to leave other top funds out of this mix, but hey, can't lose focus.
The other 10%? Well "that's" where my ego thinks I can add alpha
Anyway, just wondering what your ultimate goal for fund reduction was.
Ultimate goal is simplification. An impediment to meeting this goal as I explained above was my need to "churn" my portfolio to book gains to offset losses on the books. I have a lot primarily because of investing in stock of company i or my wife (keep guessing) worked at which then went bankrupt.
So, I've been thinking about this since I started this thread. After examining the portfolios of the 4 Wasatch funds I own, I am coming to conclusion instead of keeping WAIGX and WAHGX, I should ONLY keep WAGOX. WAGOX seems to be giving me exposure across what WAIGX, WAHGX and WAEMX does. In fact WAGOX owns more of Emerging Markets as percentage of total assets than in WAIGX. Needless to say I will not be buying as much as I own in the other three into WAGOX. Besides I also own SFGIX which I plan to DCA into.
So next week I expect to sell all 4 at the brokerage I own them at, one, one day at a time with the first being WAGOX. Meanwhile I will start rolling into WAGOX at another brokerage.
This is how you do it people !!!
Regards,
Ted
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