When I talk to buddies that manage money for a living the sad answer I get is either one of two things: Pretty much all Russel/S&P ETFs or super concentrated into a few punts, usually in their alleged area of expertise (worst was a guy that covers Uts and that made up +80% of his PA).
The former makes some sense since most legit firms have coverage restrictions and holding requirements, so it’s a real pain in the ass and your income/wealth is already proxy geared to your ability to not suck at picking stocks. The latter though…weird. They should know better.
Anyway, I’m curious what non-industry people are doing with their own money. Are you balanced by sector weight? Do you hold 5 stocks or 40? Are you in alts or, God forbid, bonds?
I’ll go first:
1) Stocks: 16
2) Sector Benchmark Weights: Not even close. I’m a former stock picker at a mutual fund covering healthcare and bit of tech before I started making YouTube videos in my basement in quasi retirement. HC and Tech (Info Tech plus the shiny parts of CD and Comm. Services) stocks are around 40% of my portfolio. Another 20% in other names but as a former growth investor it’s all pretty growthy and no RE, UTs, Mats or Energy (the latter two I mess around in commodity form in ETFs). Other 40% is in ETFs – S&P always and I punt around other stuff on spec. Typically the Nasdaq Biotech Index (IBB), Russel 2K, QQQ, and some odd ball stuff, like USO before the invasion and more recently a Chinese Tech ETF (even made a video on it).
3) Non-Equites: A few of the mainstream cryptos on and off since 2017 (thank f not anymore) and that’s it. I don’t plan on touching a bond until I’m 65.
Anyway, curious what everyone else is doing. Figure since I’m not picking stocks for a living anymore I should run a more ‘big kid’ portfolio. Keen to hear some different allocation ideas. And if anyone has any q’s happy to do my best to provide feedback and any teensy guidance I can.
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