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 Schwab 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. Schwab has over 200 funds as part of their Schwab ETF OneSource. We selected our gone-fishing portfolio funds from only this list.
We recommend this gone fishing portfolio for accounts hosted at Charles Schwab. We also have custodian-specific portfolios for Vanguard and TD Ameritrade as well as our default Marotta’s 2018 Gone-Fishing Portfolio.
You can read about the changes from last year in our article “Marotta’s 2018 Gone-Fishing Portfolios.”
Photo by Caleb Jones on Unsplash