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 offer 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.
You can read about the changes from last year in our article “Marotta’s 2019 Gone-Fishing Portfolios.”
Photo by Harry Knight on Unsplash