It has been over three years since I provided an update on the investments that I hold. Anyone who has attended a Financial Learning Experience has heard me say that it is important to INVEST money and to do so every single time you are paid money.
At the end of our live events, I am regularly asked or emailed the following question:
“What mutual funds do you recommend?”
My answer is always, “I don’t recommend mutual funds. I can only tell you the investments I own. In general, they have worked well for me. The investments you choose are up to you.”
So today, for those inquring minds who want to know … I am publishing some of the mutual funds/investments that I own. Click the image to see a larger version.
I have went even further in my analysis this time to indicate my portfolio diversification. Over the past several months, I have been writing and speaking to the fact that I am diversifying my investment portfolio to include land and real estate. The portfolio below indicates some of those decisions.
- As you may have noticed during the latest recession, a rising tide will lift all ships and a lowering tide lowers all ships. If you have market funds, you saw this happen. There were many great companies that retained profitability throughout the market downturn, but their stock value was pummeled due to the overall market conditions. While I have been greatly diversified in my investment choices, I was diversified WITHIN the stock market. This is one of the reasons that I have made a focused effort to diversify my holdings beyond the open market.
- I believe it is important to maintain margin. Cash on hand is essential to the long-term success of any effort – personal, small business, or large business.
- Some of these funds are not open to the general market, which is why they do not have a “Ticker Symbol”, but I am able to invest in them through my previous employer’s 401(k) plan.
- One reason I hold so many mutual funds is because of a variety of 401(k), 403(b), Roth IRA, and 529 holdings – each plan has different mutual fund selections available.
- I do not “eat, sleep, and breathe” the stock market on a daily basis. I update my net worth once per month, but rarely jump in and out of funds. Day trading is definitely not for me.
Investment Junkies: What are your thoughts on my portfolio? What are some key funds that you really like that have worked well for you?