So, this past week I finally took the plunge and rejiggered most of my investments for retirement based on an accumulation of readings over the past few years. The last kick in the pants was doing more Bogleheads reading.
Other influences:
- “Dare to be Dull” (aka “How a Second Grader Beats Wall Street”)
- The Simple Dollar blog
- Get Rich Slowly blog
Biggest changes:
- Bond (mutual funds) out of taxable accounts into tax deferred accounts (I had started buying bond funds slowly over the last 18 months but they were all in taxable accounts.)
- Bond (mutual fund) allocation (drastically) increased
- Expense ratios (ER) brought down with last high ER fee sold (all funds now are sub-0.30%, most are closer to 0.10%, weighted average is 0.19%)
Anyhow, my biggest wish was that I had acted sooner. It has been nearly two-or-three years since I got the (good) advice to add some bonds (mutual funds) to my portfolio, but I sat on the sidelines for too long and when I did do it, I allowed classic behavioral economics errors to sideline me from putting the bond funds in the right place.