I've been consolidating my portfolio for a while, and believe it or not it's still over 60 securities and funds. I've been cutting out losers, putting the money back into winners, and generally trying to clean it up. I'd like to reduce the number of securities even more and would love your advice. Which of these would you sell and consolidate? There are some clear duplicates in markets and categories but I'm getting to a point where I'm not sure what my next step is.
See more details after the list which is from largest percent of portfolio to smallest… I'm listing a few percentages here and there to give a general map of the distribution.
AAPL – 21% of portfolio
TSLA
MSFT
CRM
MU
NVDA
ACA – 2.52% of portfolio
APTV
VTI
BRK.B
ZBH
AMAT
PHO
BVNKF
TGT
FDX
ABB
DOX – 1.5% of portfolio
VWSYF
SONY
LITE
TSM
TWTR
STX
CARR – 1.32% of portfolio
CCI
SRVR
AMZN
EATV
VEGN
TXN
CSCO
META
GOOGL – 1.08% of portfolio
FIW
PL
TMUS
DLR
MCHP
NEE
PYPL
STAG – 0.69% of portfolio
VWAGY
KR
CWEN
BEP
GLW
SIGA
SJR
**** (a stock the rules don't let me mention)
ACI
ARKK – 0.45% of portfolio
KO
NCR
INTC
DRIV
RCI
ROIC
EBLU
AQN
ICLN
NOK
BATT – 0.15% of portfolio
More details:
This is all in a Roth IRA that I've had since 2005. These are the current securities and funds in it, in order of % of portfolio from greatest to least based on current value. I'd like to get down to 20 or fewer, or as close to that as I can. Apple was nearly 50% of my portfolio and I've been slowing working it down to a smaller number. I'm happy with around 20% but may go as low as 10%.
I do a rebalancing twice a year usually at the beginning and again in the early fall, but this process has been ongoing for a few years after I wound up with so many stocks I realized I wasn't keeping close enough track of them to justify having so many individual securities.
For example I had MRVL and MU for many years and recently sold all the MRVL and put it in MU which has been a much stronger performer for me. I did the same with CTXS and CSCO. I don't want to just hold index funds, I do like having individual securities, growing positions in them and then selling a bit to make more (than usual) speculative investments after DRIP makes them outsized in my portfolio as I've done with Apple, Microsoft, and others. The especially speculative securities are pretty obvious (like PL, SIGA, BVNKF). Sometimes these are future tech, sometimes they're current even related. I usually don't hold them long unless they do great.
I like dividends, and I intentionally don't buy (or try to avoid as much as possible) anything related to fossil fuels, animal food production, military, jailing, police, or weapons of any kind.
My 3 year performance for the account from July 2019 to June 10, 2022 was 139% vs. the DJI at 15%, S&P at 31%, and NASDAQ at 39%. This account has always beat the markets by huge amounts since I started it. I buy and sell a bit to achieve this because it's in the IRA so I'm able to do that without having to worry about taxes.
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