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Originally Posted by Sweepsplayer
I should say when working with a smaller portfolio (let's say under $50K), you really can't do complete diversification. One reason for this is the inability to meet funds' minimum balances. For smaller portfolios, I prefer a lifecycle fund such as Vanguard Retirement 2045 with maybe a piece of real estate or emerging markets added in.
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Yes, that would be wise, but what fun would it be? And it will hopefully provide me some much-needed motivation to increase my balance so I CAN diversify properly.
One of my 403b accounts, which is quite small, is in a lifecycle fund for simplicity's sake. But in my Roth, I want to play.
So, Sweeps, I know you're right, but I don't think I'll listen to you on this one point!
At the moment, I'm looking for funds for each category, and hoping to find SR funds for each category. The only category where I've completely struck out is emerging markets. That seems like the most important category to be socially responsible (I don't want to invest in companies who are exploiting 3rd world countries). But none of the good emerging markets funds are from SR fund families.
That's okay, though--I can't really afford to keep my allocations to their designated percentages and buy an emerging markets fund.