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@little5bee: I'm negative on fund-of-funds, with an .94% expense ratio. I'd rather own a biotech fund, such as FBTCX, a general healthcare fund, like PRHSX, QQQ, in the tech space, and XLY and XLP Regards, Ted
@Ted The less tinkering I do, the better...the "set-it-and-forget-it" approach appeals to me. I just wonder what the criteria are for selling one sector and buying another...hopefully, at the top!
I owned FV for a while because I thought it was a good concept but sold it after the price went haywire in the August crash (trading was halted in some of the underlying stocks and FV flash crashed). Also got rid of my other ETFs
@little5bee I think this is a trading vehicle designed with the intention it be used as an investment vehicle. [see Professor Dave's opinion about this, expressed well in the September Commentary http://www.mutualfundobserver.com/2015/09/september-1-2015/ ] That's a bad recipe, IMO fraught with peril. Pardon (or enjoy) the imagery, but I think someday, paraphrasing former US Attorneys General and convicted felon John Mitchell, somebody's gonna get their titties caught in the wringer.
The less tinkering I do, the better...the "set-it-and-forget-it" approach appeals to me. I just wonder what the criteria are for selling one sector and buying another...hopefully, at the top!
Have you investigated lazy portfolios? The concept of rebalancing implies not picking at a top, but taking a bit of profit as a position becomes overweighted (sell high), yet "lets its profits run" on the remaining position. The profit taken is then invested in lower performing position as in "buy low". Some links:
Comments
Regards,
Ted
M* Snapshot FV
:http://www.morningstar.com/etfs/xnas/fv/quote.html
I think this is a trading vehicle designed with the intention it be used as an investment vehicle. [see Professor Dave's opinion about this, expressed well in the September Commentary http://www.mutualfundobserver.com/2015/09/september-1-2015/ ] That's a bad recipe, IMO fraught with peril. Pardon (or enjoy) the imagery, but I think someday, paraphrasing former US Attorneys General and convicted felon John Mitchell, somebody's gonna get their titties caught in the wringer.
@heezsafe :o
marketwatch.com/lazyportfolio
Bogleheads Lazy Portfolios