Between my brokerage, IRA (including rolled over 401k) and Roth IRA my big 3 are BRK.B, Contra and FXAIX (S&P 500). I realized I could keep the overall percentages the same and load up the brokerage account with BRK.B. That way all gains in the taxable account are long term capital gains (BRK does not pay dividends), and they are completely controllable. Important to me in a year I sell a piece of real estate (like last year) and want to minimize other income.
I don't know what Contra is.
Sorry, I didn't communicate that well. No load mutual fund Fidelity Contrafund, FCNTX. It's also tech heavy. I'll continue to be heavy into it as long as it's current chief, Will Danhoff is in charge.
How is it timing the market? The market is down right now. I am acknowledging that.
What you described in your post above is the definition of trying to time the market. People who do that invariably underperform the buy and hold folks significantly. Like Mr. Buffett said, it's not timing the market, it's time in the market.
That's what I meant, zero "timing effort" here, if you track all 3 of those they correlate to within about half a percent over the last decade, so the tax harvesting is "free" most likely.
One could argue that s mutual fund with 20, 100, or whatever number of stocks in it is enough diversification all by itself (unless it's a sector based mutual fund / ETF, or something).
I can check later what these three funds are but if you are switching to a new fund because it’s better long term, then sure. Seems like a bit of a fools errand that should not make a difference during a minor correction
They should, for sure. Maxing my Roth also. I'm switching to show a loss of 3k plus carryover.
