After reading Ben Stein's book on supercharging my portfolio, I've been trying to narrow down some options to best fine tune things. Overall, I'm pretty happy with the current setup. In Vanguard taxable account, the stock/bond mix is roughly 85/15 excluding the cash stash. The cash continues to grow and I'm not sure I want to continue to build the cash reserve. Perhaps the money is better off sitting in a short term bond fund or high dividend stock fund - something to get a little more yield.
My individuals stocks at the moment consist of Apple, Mastercard and Toyota. I see no reason to do much with these at the moment. Apple is likely in for a good run with the upcoming iPhone related news. I've long since sold my original cost basis. Letting it run sounds good to me.
Currently, I have nothing in the way of ETFs. But after reading Stein's book, it seems some changes are due. Commodities (maybe expensive now), Utilities, Precious Metals (also expensive) are items I need to research. Coming up with a watchlist is probably the first step.
I'm also considering adding a position in one or two more stocks - maybe JNJ for starters. It's a low volatility long term play on health care.
To be continued...
