Folio Investing – The funds were in the account by Saturday
morning. I was able to create my own portfolio. It contained 12 ETFs reflecting
the overall allocations I had decided to use for our investments. I placed an
order for $2000 of this portfolio. It was scheduled to be executed in the next
available trading window, which was this morning at 11 AM. It resulted in purchases of the 12 ETFs
ranging in values from $900 down to $20. Since I signed up for the annual
commission, these were commission free.
I also entered $2000 orders each for
3 Ready To Go portfolios. “Dogs of the Dow” has the 10 stocks in the DOW with
the highest dividend yields. “Analyst Upgrades” contains the 30 stocks with the
greatest improvement in the Zack’s equity rating system during the past month.
“Internet 5” consists of the 5 largest companies primarily engaged in the
internet industry. The selection of these is based on the highest market caps. All
of these portfolios equal weight the stocks they contain.
After these purchases were made at
11 AM, I entered my final $2000 purchase for the “Biotech” RTG portfolio. This
includes the top 30 market cap sized companies from Zack’s list of securities
with primary business operations in the Biotechnology industry. Again these are
equally weighted in this portfolio. This purchase was made in the 2 PM trading
window.
At the end of the day I had 75
stocks and 12 ETFs in my account.
Wealth Front – The funds were in my account on Monday morning and
were invested today. They were distributed over 5 stock and 2 bond ETFs.
Lending Club IRA – The rollover funds are somewhere between my
current IRA, the third party custodian, and Lending Club.
I’ll be updating with my first
impressions in a few days.
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