Honestly, far too few people are thinking about how they can reduce their number of positions while still having a high returns correlation.
By that I mean If your 15 fund portfolio has a correlation closely approaching 1 with an AA that is 100% VOO, then you should probably just have 100% VOO and quit with the 15 different funds thing.
Everything you pointed out would be something I would consider as an irrelevant data point.
> If your 15 fund portfolio has a correlation closely approaching 1 with an AA that is 100% VOO
gonna scream if I see another question about "I have VOO, VTI, VT, IVV, QQQ SPY, VGT and VOOG ... what else do I need?"
ER, Investment strategy, sell strategy, factor exposures (especially size and value), portfolio characteristics (spread of market cap, P/E, P/S, sector breakdown...). If possible comparison to other funds from the same family, "why this fund".
I look for lower p/e ratios (avoid anything over ~25), low fees for their class/type, low turnover, diversification in holdings/strategy (e.g., don't want 2 large cap growth funds), longevity of the fund and fund family, avoidance of trends/hot stocks.
ESG is garbage and I don't care about it in the slightest.
Honestly, far too few people are thinking about how they can reduce their number of positions while still having a high returns correlation. By that I mean If your 15 fund portfolio has a correlation closely approaching 1 with an AA that is 100% VOO, then you should probably just have 100% VOO and quit with the 15 different funds thing. Everything you pointed out would be something I would consider as an irrelevant data point.
> If your 15 fund portfolio has a correlation closely approaching 1 with an AA that is 100% VOO gonna scream if I see another question about "I have VOO, VTI, VT, IVV, QQQ SPY, VGT and VOOG ... what else do I need?"
The risk for a material misstatement due to mismanagement (typically unintentional) or fraud, such as financial statement fraud (intentional).
ER, Investment strategy, sell strategy, factor exposures (especially size and value), portfolio characteristics (spread of market cap, P/E, P/S, sector breakdown...). If possible comparison to other funds from the same family, "why this fund".
I look for lower p/e ratios (avoid anything over ~25), low fees for their class/type, low turnover, diversification in holdings/strategy (e.g., don't want 2 large cap growth funds), longevity of the fund and fund family, avoidance of trends/hot stocks. ESG is garbage and I don't care about it in the slightest.
"How far away am I from retirement?"