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Switching From Mutual Funds To Individual Stocks

In this clip, partner David discusses his investment journey with Shana Burt and Seth Udinski, detailing his shift from Dave Ramsey’s investment strategy to Biblically Responsible Investing using Timothy Plan mutual funds. With a diversified portfolio across four accounts—including two Roth IRAs and two rollover IRAs—David has been focusing on individual stocks as he nears retirement. He’s considering moving away from mutual funds to build a more tailored portfolio and seeks advice on the best way to achieve this transition.

Shana and Seth suggest using a portfolio tracker to streamline and align David’s investments with his retirement goals. They recommend adopting a single investment model, such as the 55 to 65 retirement model, and integrating his holdings into this model. By entering all positions into the tracker, David can better manage his portfolio, making necessary adjustments by exchanging funds that don’t fit the model and ensuring alignment with his retirement strategy.

The discussion also touches on the timing for selling investments, with Shana and Seth advising that while waiting until after mid-December to capture dividends and long-term gains is an option, it is ultimately up to David. Their guidance aims to help David effectively transition to a more customized investment strategy, enhancing his portfolio management as he approaches retirement.

 

 

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Changing your plan may require you to select new sectors for certain stocks