Investment concerns and Financial Advisors reply. I feel…
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Investment concerns and Financial Advisors reply.
I feel like the market is in for a big drop and bonds don’t sound much better. I sent my concerns to my financial advisor and this was their reply. I’m interested in opinions.
“Upon review of your portfolio, I do have a few changes to recommend off of the below. Your total portfolio sits at approximately 50% equity/ 50% bonds and cash, which is a conservatively balanced allocation. A majority of your equity exposure is achieved through the SMAs, and you are well diversified amongst the various capitalizations, styles and the equity sector as a whole. I do recommend against making major changes, as this can be inefficient in a portfolio and can cause you to underperform versus staying invested. However, we could certainly shave off some of the gains experienced in the equity market this year and reallocate to fixed income.
My recommendations are below -
\- Liquidate $30,000 from your Goldman Sachs Tax Advantage SMA to reduce small-cap equity exposure.
\- Liquidate $25,000 from your PSUMA (Gibbs, Cookson Peirce, and GQG) to take advantage of some of the equity market gains.
\- With the proceeds, purchase the Guggenheim Total Return bond fund (GIBIX, fact sheet attached) in your Ambassador account to pick up additional intermediate duration fixed income exposure and income potential.
These changes would be a slight rebalance and reduce your equity exposure by approximately 3%.”
#business
source
I feel like the market is in for a big drop and bonds don’t sound much better. I sent my concerns to my financial advisor and this was their reply. I’m interested in opinions.
“Upon review of your portfolio, I do have a few changes to recommend off of the below. Your total portfolio sits at approximately 50% equity/ 50% bonds and cash, which is a conservatively balanced allocation. A majority of your equity exposure is achieved through the SMAs, and you are well diversified amongst the various capitalizations, styles and the equity sector as a whole. I do recommend against making major changes, as this can be inefficient in a portfolio and can cause you to underperform versus staying invested. However, we could certainly shave off some of the gains experienced in the equity market this year and reallocate to fixed income.
My recommendations are below -
\- Liquidate $30,000 from your Goldman Sachs Tax Advantage SMA to reduce small-cap equity exposure.
\- Liquidate $25,000 from your PSUMA (Gibbs, Cookson Peirce, and GQG) to take advantage of some of the equity market gains.
\- With the proceeds, purchase the Guggenheim Total Return bond fund (GIBIX, fact sheet attached) in your Ambassador account to pick up additional intermediate duration fixed income exposure and income potential.
These changes would be a slight rebalance and reduce your equity exposure by approximately 3%.”
#business
source
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