My IRA has five funds in it, and they all seem to be moving about the same. My fear is my funds are overlapping and I may be better off moving everything to a S&P Index fund and a bond fund.Here are the funds I have now:USAAX - Growth Fund - 11%USISX - Income Stock Fund - 7%USSPX - S&P Index Fund - 34%USSCX - Technology Fund - 33%USAWX - World Growth Fund - 15%---------------------After a cursory look at your portfolio, I tend to agree with your observations. Not having any additional information about your age and investment objective/s, I would probably trade/exchange the funds you now have within your IRA for a Balanced Fund (USBSX) and an International Fund (USIFX). This would give you exposure to both Domestic and International equities as well as Domestic Bonds. It would also decrease your expenses which add up considerably over time. Rebalancing and overall management of your portfolio would also be much simplier.I noticed that USAA does not have a "Target Retirement" or "Life-Cycle" line-up of funds as Vanguard and several other fund families do. This would be another possible approach for you - if they did. Making investing simplier while lowering costs usually makes for a more effective and therefore a more rewarding portfolio.Just a few observations of my own.regards,Bill
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