Love to see you simplifying your investments down! I started out with a mash of 10 or so different ETFs, perfectly calibrated to get the exposure I desired. I've since pared things down to just 3 or 2 funds depending on the account type and limited options within my work retirement plan.
Simpler is almost always better when it comes to investing. Pick something sensible, I'm partial to VT, the Vanguard Total World ETF, and then just let it ride and worry about other things. Having all this stuff written down will help when you feel the need to tinker.
Edited to add: if you feel the time is right to switch, you should just switch. Even if you sell at a minor loss, you're still deploying that capital into productive assets and the price will rebound eventually. Anchoring to certain price points is a well known behavioral finance problem that you should try to avoid so you don't hang onto investments too long waiting for the mythical right time.
Love to see you simplifying your investments down! I started out with a mash of 10 or so different ETFs, perfectly calibrated to get the exposure I desired. I've since pared things down to just 3 or 2 funds depending on the account type and limited options within my work retirement plan.
Simpler is almost always better when it comes to investing. Pick something sensible, I'm partial to VT, the Vanguard Total World ETF, and then just let it ride and worry about other things. Having all this stuff written down will help when you feel the need to tinker.
Edited to add: if you feel the time is right to switch, you should just switch. Even if you sell at a minor loss, you're still deploying that capital into productive assets and the price will rebound eventually. Anchoring to certain price points is a well known behavioral finance problem that you should try to avoid so you don't hang onto investments too long waiting for the mythical right time.
Thanks Tanner. And if only I could avoid all the behavioral problems. I’m working on them! :)