Hello!
38 year old male here looking for a sanity check from the community before making changes to my portfolio.
This is a taxable brokerage account at Fidelity, with a 20+ year horizon, aiming for long-term growth with enough stability to stay invested during downturns. My portfolio grew organically over time and now has significant overlap (multiple S&P 500 funds, total market funds, growth funds, etc.). I’m trying to simplify and be more intentional without materially changing my overall risk profile. (Roth IRA is handled separately.)
Below is how my current allocation looks today. As you’ll see, there’s quite a bit of duplication across similar exposures.
# Current Portfolio Allocation
|Ticker|% of Account|
|:-|:-|
|FXAIX|17.40%|
|FDLXX|9.99%|
|FSKAX|7.83%|
|FZILX|5.95%|
|SPY|5.90%|
|VTI|5.47%|
|VUG|5.44%|
|FZROX|4.85%|
|SOXX|4.61%|
|FSELX|4.40%|
|FTBFX|4.03%|
|FSMDX|3.47%|
|QQQ|3.44%|
|FBGRX|3.20%|
|VOO|3.05%|
|FBALX|2.67%|
|FCNTX|2.38%|
|FSPTX|1.73%|
|FPURX|1.57%|
|FSPGX|1.19%|
|FNILX|0.77%|
|IAUM|0.43%|
|FTIHX|0.23%|
Option 1: ETF-based target allocation
I’m leaning toward ETFs for simplicity, portability (in case I ever move away from Fidelity), and tax efficiency in a taxable account.
|Ticker|% of Account|
|:-|:-|
|VTI|25%|
|VOO|25%|
|VXUS|20%|
|BND|10%|
|VUG|8%|
|SOXX|5%|
|VO|5%|
|FDLXX|2%|
Option 2: Fidelity-native target allocation
If I decide to stay fully within Fidelity, this would be the equivalent allocation using Fidelity funds.
|Ticker|% of Account|
|:-|:-|
|FSKAX|25%|
|FXAIX|25%|
|FTIHX|20%|
|FTBFX|10%|
|FSPGX|8%|
|FSELX|5%|
|FSMDX|5%|
|FDLXX|2%|
Looking for feedback on -
Does this allocation make sense for 38 / long-term taxable investing?
Any obvious redundancies or unnecessary tilts?
Would you simplify this further?
Thoughts on VTI + VOO together vs a single US equity fund?
Not trying to chase returns, mainly want something simple, diversified, and easy to stick with long term.
Appreciate any input. Thanks!