start at the beginning
i also had dozens and dozens of stocks - they all weren't dogs though but i sold 90% of them to simplify things.
- if you have individual stocks in a taxable account that are dogs....sell them for tax loss harvesting purposes
- agree with others, don't buy stocks again - i would advise the following
- identify a target asset location - 1 for taxable 1 for TIRA 1 for RIRA
- make sure all taxable actively managed fund do not reinvest - put dividends into acash account and purchase indexed funds
for your RIRA - invest agressively in all equity funds
for your TIRA - lots of treasuries and bond funds (up to your AA - you have to incorporate your overall AA in your planning)
for your taxable - keep a couple years living expense in treasuries or bond funds the rest split as stated below.
for your equities
- 50% in total stock market fund (i don't care what company you use), 50% in large cap funds
for your fixed
- keep it all in treasuries or fed money market funds (paying 5.29%) then start migrating to a total bond fund on a monthly basis - see how the rates are dropping next 6 months
if you need another pair of eyes to help i would recommend planvision - i am a customer but i don't get a kickback -$300 initial fee - $8/mth I think.
i also had dozens and dozens of stocks - they all weren't dogs though but i sold 90% of them to simplify things.
- if you have individual stocks in a taxable account that are dogs....sell them for tax loss harvesting purposes
- agree with others, don't buy stocks again - i would advise the following
- identify a target asset location - 1 for taxable 1 for TIRA 1 for RIRA
- make sure all taxable actively managed fund do not reinvest - put dividends into acash account and purchase indexed funds
for your RIRA - invest agressively in all equity funds
for your TIRA - lots of treasuries and bond funds (up to your AA - you have to incorporate your overall AA in your planning)
for your taxable - keep a couple years living expense in treasuries or bond funds the rest split as stated below.
for your equities
- 50% in total stock market fund (i don't care what company you use), 50% in large cap funds
for your fixed
- keep it all in treasuries or fed money market funds (paying 5.29%) then start migrating to a total bond fund on a monthly basis - see how the rates are dropping next 6 months
if you need another pair of eyes to help i would recommend planvision - i am a customer but i don't get a kickback -$300 initial fee - $8/mth I think.
Statistics: Posted by john0608 — Mon Jul 29, 2024 5:06 pm