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Author: jacksf Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76397  
Subject: Consolidation of Assets Date: 3/29/2004 11:18 PM
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After eons of lurking have finally decided to ask for some guidance from the pros:

Retired a short time ago and have assets scattered all over the place. ASPIX (S&P 500 AARP class) about 18k, SMTTX (bond fund)about 30k, both Scudder. The ASPIX is my old IRA.

About 40k in ETrade consisting of CSCO, WMT, SWY and HON.

About 110K in my 401k consisting of TASCX (Third Ave Small Cap Value) and SNXFX (Schwab 1000).

2 DRIPS consisting of HD and WMT about 100k.

What I am considering is consolidating the Scudder bond fund and ETrade and part of the 401 into Vanguard Total Fund Index, the balance of the 401 into Vanguard Intl. Fund Index and keeping the HD and WMT drips.

That would put about 75k in Vanguard Total Index, 66k in Vanguard Intl Fund.

I already started drawing on the ASPIX IRA and plan on just running it out over the next year or so.

So, I guess the question I am asking is; is this something that sounds sensible? I am drawing about 1400mo social security and don't need income at this time.

Thanks

Jack
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Author: dougdoogle Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 40060 of 76397
Subject: Re: Consolidation of Assets Date: 3/30/2004 9:26 AM
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You could do far worse.

But having about 40% of your assets in 2 stocks, HD and WMT, might be considered a bit concentrated.

And having almost as much in an international fund as the total stock index is somewhat overkill. The major stocks in the total market index are international companies (think Pepsi) although we think of them as US companies.

It does sound sensible although each of us would tweak it a little differently.

Doug

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Author: jacksf Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 40518 of 76397
Subject: Re: Consolidation of Assets Date: 4/15/2004 1:13 PM
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Thanks Doug, I am still playing around with how I want to handle this. Most of my stock is worth less than what I paid so I guess there wouldn't be any tax problems, losses rather than gains at this point.

One thing I realize, there is still a lot of learning to be done.

Jack

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