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MB advice wanted
Posted on 5/8/26 at 11:35 am
Posted on 5/8/26 at 11:35 am
As a 44 yr old with a pretty diversified portfolio, is there any reason to be holding any PIMIX (PIMCO Income Fund Institutional Class) if I'm really looking for growth? It's about 7-8% of my portfolio, I don't need income at this point in life and I feel it would be better deployed in VTI/QQQ etc. Am I off here?
5
Posted on 5/8/26 at 12:30 pm to SETH6180
I'd get rid of it. You are spot on
Posted on 5/8/26 at 12:53 pm to TigahsOnTop
QQQ has been rocking for a while.
Posted on 5/8/26 at 1:16 pm to SETH6180
I had about 15% bonds in my mid to late 30s because that’s what all the old financial magazines said to do. 
Finally wised up around age 40 and went 100% equities. Will start mixing in bonds again about 5 years before retirement. But you have to be able to stomach some volatility.
Finally wised up around age 40 and went 100% equities. Will start mixing in bonds again about 5 years before retirement. But you have to be able to stomach some volatility.
Posted on 5/8/26 at 1:26 pm to DrrTiger
Yea, water under the bridge now but I missed significant gains by being with EJ for far too long. No surprise he had me with a significant portion in this amongst some other BS. I'm in the process of cleaning up this mess after pulling my money from them. I' know I'll never make up the lost time but better late than never.
Posted on 5/8/26 at 1:31 pm to SETH6180
I wouldn’t sweat it too much. 7-8% is fairly mild as far as a bond position goes.
Posted on 5/8/26 at 1:56 pm to SETH6180
I am also 44 and 100% equities since Day 1. I also have a pension, so I think this has given me a bit stronger risk tolerance. But I think I will also probably switch things over a bit around five years before retirement.
Posted on 5/8/26 at 2:12 pm to tigergal918
Yea that's my plan, I'm in the let it ride stage right now. Another 10-15 years and I'll start pulling back some
Posted on 5/8/26 at 3:26 pm to SETH6180
like you i have a portion in a bond fund that has earning nothing since i bought it a very long time ago. you just reminded me i need to move it. i bought it for the same reason you did
Posted on 5/8/26 at 10:00 pm to DrrTiger
quote:
I had about 15% bonds in my mid to late 30s because that’s what all the old financial magazines said to do.
In my 20s I had a client who was an FA who would cell all his clients their bond percentage should be their age
Always seemed way too soft.
Posted on 5/9/26 at 7:41 am to SETH6180
quote:
Yea, water under the bridge now but I missed significant gains by being with EJ for far too long. No surprise he had me with a significant portion in this amongst some other BS.
Any consideration to DIY? Remove FA.
Bond mix aside…
Many FA costs land around 1% AUM (assets under mgmt). When you compound 1% against your portfolio value for decades, it can make your heart stop.
For simplicity, a $1 million portfolio and 21 years to retirement, and the 1% AUM will cost you $232,000. Guaranteed.
Some will say worth it because they do XYZ for your portfolio. One is bird in hand (costs). Other is 2 in bush (what they allegedly do for your future returns). And most don’t beat market indexes over long term.
Cost and complexity of funds they recommend may be plaguing you as well.
I am newly early retired and DIY to get here. Portfolio complexity is unnecessary. Keep it simple. If you are comfortable DIY, there is info galore on level mix of low cost index funds of stocks (US, Int’l) and other diversification mixes (Real Estate Index, etc) that are very effective and can guide you.
Boglehead is one of my favs.
That might be a bigger opportunity for you here. A guaranteed 1% increase in return for next X years until retirement.
PS, If you have never lived through a 2008-10 financial market, you may not appreciate what losing 50% of your portfolio value feels like. The bonds can serve as shock absorber and offer dry powder to buy stocks low. I get the heavy stocks mix at your age. Carry on if can handle a major bottom out.
As you get within 3-5 yrs of retirement, you may consider more bonds to protect your downside as you approach retirement.
Just my 2 cents.
This post was edited on 5/9/26 at 8:07 am
Posted on 5/9/26 at 7:57 am to Everyday Is Saturday
Oh I pulled it out and began managing myself about 18 months ago. I think I'll trim the majority of the bond position he had me in but keep a little bit(2%+/-) just in case of a repeat of 08-10 to have dry powder. I was about 4 years into my career in 08 so it didn't really affect me much. Thanks for the info.
Posted on 5/9/26 at 8:04 am to SETH6180
An FA (CFP) is valuable as you near retirement (re: comfort in decision when to retire, retirement income strategy, tax efficiency, RMD and Estate planning). The accumulation phase, I found, not nearly as much. And many have fee-based services, not heavy AUM fees.
Good luck! Retirement is incredible!
Good luck! Retirement is incredible!
This post was edited on 5/9/26 at 8:06 am
Posted on 5/9/26 at 8:06 am to LSUFanHouston
Yes, I followed the 120 rule foolishly for too long. But stopped that about 15 years.
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