I haven’t blogged in a while and might not for some time as I’m really busy right now with work and personal things. I am waiting for one more transfer from Clearsight to E*Trade in my wife’s RRSP (yes, my wife is coming over to E*Trade as well) then I will provide an update on our portfolio allocations. Suffice to say that our combined portfolio is an all-ETF, all-index portfolio and is very low-cost. It is also very simple, with so far just 6 ETFs in total. It will remain that way for the foreseable future. I dumped all the old mutual funds after looking closely at their past performance vs. the indexes and not being overwhelmingly convinced that any of them were beating indexes.
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Your strategy makes perfect sense. My portfolio is essentiallly the same – ETFs across different asset classes, using the portfolio asset allocation advice offered by David Swensen.
However, just recently, I started exploring some supplementa investments. Fine art. While it will not play more than a very, very minor part of my total assets, it will serve as a small part. Why? Well, it is great to have an asset that provides non-monetary value to me (the painting I bought will hang in my living room!) And, well-researched art investments help minimize risk – and help ensure your choice will enjoy a nice rise in value. David Blackwood prints, for example, have consistently risen in value over the 20 years he has been a print-maker.
I have also started to explore investment properties (small, multi-unit dwellings). There is certainly risk here – but, research and sticking to your guns (not paying more than what you determine is a maximum price, enabling your investment to still yield an appropriate risk-adjusted return) is key.