A $2 Million Portfolio That Costs Way Too Much
In this episode, Ron DeLegge does a Portfolio Report Card for DC in Florida. He’s a 72 years old, married and retired. His $2 million nest egg is divided across a taxable brokerage account and a traditional IRA. DC manages the money himself and his overall asset mix is 49.68% to stocks, 31.93% to bonds, and 18.3% to cash. DC’s entire portfolio consists of 18 mutual funds, 10 individual stocks, 9 ETFs, and two closed-end funds (PTY and EXG). What kind of grade will DC’s portfolio get? A, B, C, D, or F?