How to Evaluate Your Investments | A Portfolio Checkup Using Free Online Tools
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- Опубліковано 11 січ 2022
- I've received hundreds of emails from viewers asking me questions about their investments. They want to understand whether their investment portfolio is sound. While I'm not a financial advisor, I do believe do it yourself investors can evaluate their own portfolios with the help of some free tools.
In this video I walk through how I evaluate an investment portfolio. I could also be useful for those just starting to invest. I hope you find it helpful in your own investing journey.
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ABOUT ME
While still working as a trial attorney in the securities field, I started writing about personal finance and investing In 2007. In 2013 I started the Doughroller Money Podcast, which has been downloaded millions of times. Today I'm the Deputy Editor of Forbes Advisor, managing a growing team of editors and writers that produce content to help readers make the most of their money.
I'm also the author of Retire Before Mom and Dad--The Simple Numbers Behind a Lifetime of Financial Freedom (amzn.to/3by10EE)
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DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. Your investment and other financial decisions are solely your responsibility. It is imperative that you conduct your own research and seek professional advice as necessary. I am merely sharing my opinions.
AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning at no cost to you I earn a commission if you click through and make a purchase and/or subscribe. However, I only recommend products or services that (1) I believe in and (2) would recommend to my own mom.
You are officially the best investment information person on UA-cam 👑
Don't get out much, do you?
Whoever provided the example portfolio,
Thanks very much for allowing Rob to use it as the example for this video. It was really helpful to have a 1st hand example with multiple brokers and accounts (taxed and tax deferred) for the explanation. Also, thanks to Rob for sharing his knowledge.
Where Rob talks about the tax implications of various funds and how they throw Cap gains, pay very close attention to this when building your after tax brokerage investments if you are young. 20 years ago, I didn't fully understand how much this could impact taxes as my balances were small at that time. Fast forward 20 years later where my balances are significant and these funds are throwing off HUGE cap gains every year adding a ton of complexity to my tax situation. If I could go back in time 20 years ago when I started my Taxable brokerage, I would have focused on low cost index funds that did not distribute Cap gains. Im now working over the next 5 years to unwind all of these funds while managing the tax implications.
Thank you for sharing this information so that we re aware of the implications and how to deal with it.
I would love to see more "portfolio rehab" type videos like this one. The "oops, I'm doing that" factor is very strong!
11:35 Rob not only is a great investment teacher but he can also make his fingertips light up!
As a newbie investor, this is my favorite of your videos. I’ll watch it several times so that I’ll be able to recognize some of the mistakes that I’ve made in my investment accounts. Thank you!
INVALUABLE VIDEO. I listened to it while driving and can’t wait to listen again while sitting in front of my computer so I can evaluate my own portfolio in the same step-by-step fashion. Thanks for teaching us how to fish, Rob!
Its wonderful knowing that he has helped this number of people.
Thank you for this video! I learned a lot, especially about correlation of funds and how to screen for taxable accounts. I had an idea of what to look for but now I have more knowledge. It was nice of that man to share his three fund info. I have a very similar situation. I love to learn about investing and Rob, you are a great teacher!
So much valuable information in this video! I became a widow in 2020 and I'm trying to put something together for retirement. It can get very confusing for someone like myself who never focused on this kind of thing. I appreciate that you don't ever put people down or harshly criticize them. It makes it easier to reset and correct my mistakes and keep moving forward. Thank you!
Seems like you're hinting for advice. Do you have company match in your 401(k) and have you contributed $6,000 to your 2021 Roth IRA?
@@alrocky I do have a company match and have my paycheck set to max that plus an extra 1% I had a work injury and am currently on workers comp, which prohibits me from contributing anything at the moment. The TSP didn't always have a Roth option and I'll have to wait till I'm back to work to set it up.
@@angelalopez2003 Maximum you may contribute to Thrift Savings Plan is $20,500 year but perhaps you meant max to receive gov match which is 5% of salary. If you have available funds you should contribute $6,000 to your 2021 Roth IRA. When you return to work status contribute as much as your income and budget allows.
@@alrocky Yes, I was referring to the government match; first 3% 100% match, and next 2% 50% match. And, yes, that will be my plan when I return to work, although my current financial situation and future retirement are drastically impacted by the loss of my husband's income.
Another great video! Thanks Rob!
How does this guy only have 39k subscribers and the "click bait" king Graham Stephan has over 3 million?
To be fair, Stephan has high quality videos with typically good fundamentals. I hate his clickbait stuff though (and he's the first to say he unfortunately does it for the algorithms.)
Excellent video! Thank you.
Thank you Rob, this video was very informative. But I will need to watch this again.
Thanks for a good video Rob. The more I've learned the more complex my portfolio has become.
I like the reminder about being careful what you have in taxable. I feel like I don’t want international in taxable so I can move in or out without worrying about taxes.
Why's that? I thought international stocks qualify foreign dividend tax credits...
Great video! I totally agree, keep it simple, 3 funds is all you need.
Another very helpful video. The only problem with it, I didn’t have it 30 years ago. Starting my first year of retirement I’ll give my portfolio a check up using these guide lines.
Thanks for sharing very informative
I am so glad to be a student at Rob Berger University! Thank you Professor Berger! You are hands down, the best out there!
Great video, thanks for sharing. A LOT of information to take in and learn, very helpful!
Excellent topic for a video. I am scheduled to retire in 18 years (Federal) and definitely would like to focus on this as the big day approaches and past it into a hopefully long retirement.
Thanks! Great video and tools. I plan to retire within five years, but my wife is a little younger so may work for up to 15 more years. We will definitely have to do some juggling and probably have at least slightly varied portfolio mixes.
Fantastic video, Rob. Thank you!
Great video, thank you!
Very helpful analysis. Thank you!
EXCELLENT VIDEO ROB! on so many fronts - mainly an well-outlined process on how to evaluate and consider changes to one's portfolio: how to unpack a portfolio's contents, factors and correlations, free tools, and some great rules of thumb on pairing appropriate investments with account types.
Great video. I like adding VNQ and VNQI for real estate (non-correlated assets). And for a tilt towards small cap VBR and VSS.
For taxable accounts I'm trying to retire earlier than I can access my IRA / 401k / HSA so my focus is on dividend growth via mostly individual stocks (mostly aristocrats). I want to be able to pay all my monthly bills / mortgage from dividends hopefully by age 50.
To round things out, some silver, gold, and crypto as insurance / side bets / non-correlated assets. SHTF or drastic monetary changes / crazy inflation (both fairly unlikely scenarios IMO).
If I were to go further, additional foreign permanent residence visas and/or second citizenships would be on my radar.
very helpful, just I need.
Thank you so much for the videos! I have been contemplating the use of a financial advisor. After listening to ur videos I was able to add to my investment fund of knowledge. I am addicted to ur videos. Please keep making more. I would to hear about your tips on REITs investment.
I've been very impressed with your videos so far. Thank you for all you do. i even decided to buy a copy of your book so when you get your next royalty payment....that's me. :-)
Thank you!
Rob - good analysis stuff for finance, accounting and investment types...most people are not like this. I use 'VTI and Chill' 70% with one bond etf BND 15% and one real estate etf VNQ 15% - that's all...low low low cost and highly diversified USA only...I 'match' the USA market year in and year out - and spend my time outside, exercising, and travel...put the investment stuff on 'auto-pilot'.
Hey rob, this is one of your best videos. A couple questions if you can help me out. Would you use VTEB in a taxable instead of BND? Also, any opinion on avantis etfs small cap value and international value? Thanks.
Thanks Rob. Long time viewer. Based on your videos, I see opportunities for tweaks to my portfolio. Retiring next year. I would rather be teaching my grandsons sports and less time concerned about my portfolio
I wonder why vanguard would recommend VTABX - Vanguard Total International Bond Index Admiral? In this video I heard you recommend for the bond portion to keep it in U.S. bonds. Thank you for this video. You are such a good teacher.
Thank you for the information now I know which funds to use but the question that I have is how and when is the best time to switch my funds in my portfolio . Thank you and God bless.
Rob,
Always enjoy your videos.Wondering your thoughts on reits as part of diversifying an ira or a roth account.
This one is really good. I will find out soon if the sites you introduce include Australian stocks info 😅
Thank you, Rob. This was an excellent video! Is the spreadsheet available? Also, is there a way to use Personal Capital without giving them access to my personal accounts (Vanguard, Schwab, etc.)? I appreciate your awesome instruction!
Very helpful, @Rob Berger. I would ask that you take this video one step further. That is, based on the five goals that you said this portfolio has (1. diversification, 2. low costs, 3. simplicity, 4. more stocks than bonds, and 5. tax efficiency), along with its three account types (1. 401k, 2. RothIRA, and 3. brokerage), what portfolio would you build? Specifically, which of the funds that you recommended (VTSAX, VXUS, BND, and SCHP) would go under which accounts and in what percentages? Thanks again.
Generally you want to fully fund your tax advantaged [401(k) & Roth IRA] accounts *_before_* considering _taxable_ brokerage account. So the first [$20,500 + $ $6,500 =] $27,000 should be with the 401(k) & Roth IRA. Your 4 funds can be allocated in either 401(k) & Roth IRA in any manner you wish. You determine the percentages between the 4 funds based on your desired asset allocation and risk tolerance. If you have more than $27,000 to invest for the year then you only want tax efficient investments in you taxable brokerage account. Do you know which of the 4 funds is most tax efficient?
@@alrocky @Rob Berger
I didn't clarify that I retired kinda early (52) and am past the accumulation phase. I'm a 95% stocks person and basically my question is this: Is VDADX the best choice for a growth index fund in a taxable account? (Other 2 accounts are Roth IRA and 401k Rollover IRA) Your tip on looking at the taxable distributions in Morningstar was extremely helpful and appreciated.
@@davidburrus9813 My reply is not posting. You want tax efficient investments in taxable brokerage account. There is no such thing as best choice and criteria of growth index seems arbitrary. VDADX is large blend. VIGAX and VMGMX are growth index. VITAX while tech sector has a lot of potential for growth.
@rob Berger. Great content Rob. Have you seen a equivalent for portfolio visualiser which accepts U.K./European funds with ISINs rather than tickers?
I haven't. But you might reach out to PV and ask.
Interesting. I knew with dividends it is possible to chose to either "reinvest" back into shares, or, distribute, even in a taxable account. Unless you distributed (i.e. spent), i thought you weren't taxed on it. Didn't realize about capital gains...
Thank you.Why have any bonds? They perform badly.
Cool- I started using personal capital last week and it is definitely elucidating. I plan to use a time bucket plan for retirement. Do you happen to know if one is able to have multiple personal capital accounts, as I will have 3 portfolios each with a different time and asset class allocation? Thank you for sharing great info!
You can view them all together or individual in one Personal Capital account. Just go to the asset allocation screen and select the accounts you want to view in the drop down near the top right.
Rob - Thanks a lot for all the valuable info. Can I get what's your take on target date fund for 401k ? I'm just looking for your personal opinion which I value a lot :) - not looking for an advice.. Thanks in advance.
Hi Rob, which link do I click to see the other options you recommend in different brokers/tickers?
Excellent video. This is what I needed. Do you have a video when to buy these ETFs? I know you don't want timing the market but is there a strategy?
Just Dca and leave it and forget it
Rob, excellent video! My only comment is we all invest to make money and you never spoke about focusing on the "rates of return" for these funds. So, I can own a fund that is not expensive, pays minimal incone at the end of the year so Im not taxed in my brokerage account - but overall, performs poorly?
Very helpful, I noticed the portfolio you evaluated, his fidelity account had vanguard funds. Are there any extra fees associated with having vanguard funds
Yes, if you buy Vanguard mutual funds. No if you buy Vanguard ETFs.
Hey Rob! If you had to choose between a DIY 2-fund USD portfolio (for a non-US) investor and a LifeStrategy EUR portfolio, which one would you choose if you were a South African?
I am considering both, but the tax implications and costs of rebalancing make up for the difference in the Total Expense Ratio. Many thanks! :)
*note: I am targeting the 60/40 split for now and into the future.
Ryan, I honestly don't know. I'm just not familiar with the tax and cost issues when investing from South Africa.
@@rob_berger
Thanks for being honest and saying you didn't know. Enough of know- it- alls on UA-cam
would you recommend VWUSX for a Roth IRA ?
Aside from one being a mutual fund and one being an ETF is there really any difference between VTSAX and VTI. I’m trying to figure out/understand why the expense ratios are different since they cover the same assets.
Nope. If you invest at a broker other than Vanguard, buying/selling VTI should be free, while you may pay a fee for VTSAX. Otherwise, they are the same.
*0.04%* Expense Ratio = VTSAX Vanguard Total US Stock Market Index
*0.03%* Expense Ratio = VTI Vanguard Total US Stock Market Index
They are different share classes of the same investment. Difference of last year's expense ratio of *0.01%* is negligible and does not impact / affect your portfolio as there are far more important issues to worry about like your risk tolerance, asset allocation and amount of money to contribute to retirement..
I was wondering what percentage of each would you invest in, if I went with a VTI, VXUS and the 2 bond etfs?
For me, a solid long-term investment approach is 60% VTI, 30% VXUS and 5% each in two bond funds. Certainly not the only reasonable approach, but one that I like.
Instead of a word " clutter", perhaps we can use the world " redundancy". So, to eliminate redundancy
This was good but you did not talk about allocation? What ratio on the 3 ? Did not talk about how the dividend etf might be good.
Is there a service like Personal Capital that lets you visualize the makeup of your portfolio visually (stocks/bonds/sectors, that drill down box chart)... that is actually manually populated. I know Personal Capital does it, but as it REQUIRES me to link accounts to even use it (no option for manual data entry), the services is a non-starter. I'm not giving a service access to my actual accounts. Curious. Thanks in advance.
I agree, I'd like the same. Don't feel safe giving passwords..
Several years ago I had a 401(k) from a prior employer that I turned over to Schwab to manage for me. They have done ok and only charge me 50bps. However, they spread out my fairly small portfolio to several actively manage mutual funds, no doubt in an attempt to diversify, but not sure they needed to do that. I think I'm going to take it over now and simply. I sometimes think these firms feel they must practice defensive medicine if I can use that analogy.
I would like to get recommendations too for my 401k. Retiring in 5 years. Thanks
Well, that was the point of the video. So you can evaluate your portfolio yourself. I hope it helped.
I’m still watching and listening. Thanks for your response.
@@rob_berger What is your opinion of the Vanguard all in one etf, where they have global diversity, stocks and bonds to your risk tolerance, and they rebalance it for you periodically, at a very cheap price? Is it too simplistic or is it all you need?
Rob- can you help me understand the “dividend” concept. I understand that the fund is distributing a dividend but you say that an be a bad thing from a tax standpoint, but isn’t the dividend payout good because it mean more “gain “ generated by the fund. Isn’t that what we a aiming for? I think many times dividends get portrayed as something we should try and avoid. I am somewhat confused.Love the channel- keep up the great work 👍👍
@@HamiltonRb What "all in one ETF" from Vanguard are you referring to? Name and ticker?
I cant find the personal capital tool
I don't get it. If somebody doesn't want 40% international allocation, buy VT and then buy either voo or vti or some us small cap to reach required allocation
Definitely a solid approach. Can do the same thing with LifeStrategy or a Target Date Fund.
Forget International. You don't need it
@Rob Berger:
If i inves through FIdelity and i use a vanguard etf through it, is the cost a lot more than buying from vanguard directly?
Nope. You can buy Vanguard ETFs for free just about anywhere, including Fidelity.
Hola! ♫♪♫♪
In some situations, having two identical funds allow you to do some tax harvesting. Say for a given year the funds lkse value, you can sell (capture the loss for taxe purposes) and buy back in right away into the other fund. You end-up doing this swap twice, once for each fund.
Why would you ever suggest someone put money in a bond MF or ETF with impending interest rates increases. While I don't believe in fixed income as being part of a portfolio, if someone is going to buy bonds, suggest an actual bond, that way at least they have a chance to get their principal back at the end of the term. While with MF and ETF that is not possible
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VT is too heavily weighted in international.
Wonder why dalio encourage people to move money abroad as many predicts us is so not worth to invest any near future
@@bartz4439 🤷♀️
@@pnkrckmom truth is noone knows what happens right in charts :)
@@bartz4439 You listen to Ray Dalio for investment advice? LOL!
You make way too complicated and too much work, Interactive Brokers standard reports give you all the analytics across brokerages, your splits between stock bonds has no basis of research, what you believe is a joke, need to base core portfolio on Fama etc, Nobel Prizes for reason , all research proven timed portfolios destroy capital
With Morning Star M" , when you use their portfolio visualizer, it gives more info. M* now has Beta version like Personal Capital.