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 Fidelity 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. Fidelity currently has 95 exchange traded funds for which they currently offers commission-free trading. We selected our gone-fishing portfolio funds from only this list.
We recommend this gone fishing portfolio for accounts hosted at Fidelity. 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 the funds we chose our article “Marotta’s 2018 Fidelity Gone-Fishing Portfolio.”
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