Hey all, I retired recently at age 55 and have been pondering about my investment strategy for the coming years. Specifically, I'm caught between rebalancing my current tech-heavy portfolio, adding AAPL to the mix, or just simplifying life by moving everything into QQQ.
This particular portfolio makes up around 30% of my total retirement savings, and I plan to start drawing it down slowly in about 2 years.
My Current Portfolio
MSFT: ~75%
AMZN: ~9%
NVDA: ~8%
TSLA: ~6%
GOOG: ~1%
Some Context:
I earned my MSFT shares during my career there and am pretty bullish on their future, hence the big slice of the pie they occupy. I added the TSLA in 2016 and sold a few when it had a big gain but again I'm bullish on them. Most of the stocks have been held for at least 3 years.
So, what are your thoughts?
Should I rebalance these existing stocks?
Should I consider adding AAPL to diversify a bit within the tech sector?
Or should I just move it all into QQQ for ease of management?
Just seeking opinions.
If I don't simplify now I will need to in the coming years. I have a couple of years of cash equivalents available and will rebalance annually.
I'm not keen to just put it all in in an S&P tracker or whatever as I believe tech will out perform for the foreseeable future. Also much of the rest of my retirement fund is well diversified in managed funds I can't touch yet due to tax/age.
Cheers!
Leave a Reply