A gone-fishing portfolio has a limited number of investments with a balanced asset allocation that should do well with dampened volatility. Its primary appeal is simplicity. But a secondary virtue is that it avoids the worst mistakes of the financial services industry.

This portfolio uses all eTrade no-transaction fee exchange traded funds. Each broker has a different transaction fee to buy and sell stocks. Each broker also often has a list of ETFs for which they waive the transaction fee. eTrade has many funds as part of their commission-free ETFs. We selected our gone-fishing portfolio funds from only this list.

We recommend this gone fishing portfolio for accounts hosted at eTrade. We also have custodian-specific portfolios for Schwab, Vanguard and TD Ameritrade as well as our default Marotta’s 2018 Gone-Fishing Portfolio.

You can read about how we crafted this portfolio and a few substitutions we would make if you have larger sums to invest in “Marotta’s 2018 eTrade Gone-Fishing Portfolios.”

Photo used here under Flickr Creative Commons.