I want to move my poorer performing US stocks into a US index exchange-traded fund (ETF), most likely IVV. I see it has jumped over the last couple of days, but I’m going to wait to see what happens with some of the US news.
Monday Morning Millionaire Program Answer:
IVV is an excellent example of a US index exchange-traded fund. Note, however, that habit number four of highly effective investors is to buy and hold. That is, they don’t attempt to time markets. Waiting to see what happens with some US news is trying to time markets. The Monday Morning Millionaire Program recommends that you just go ahead and make the switch anytime now and do so with all your stocks not just the poorly performing ones. Habit number three is buy the US market as a whole, that is, do not pick stocks.
Tell your financial adviser that you would like to hire him on an hourly basis once in a while, to review what you are doing. Over the course of a decade, more than 90% of advisers are unable to equal the simple act of buying and holding an exchange-traded fund which mirrors the S&P 500. Tell your advisor that you have joined the Monday Morning Millionaire Program and that I show my personal portfolios every Tuesday. Tell him to consider joining.
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