Money’s Ultimate Mutual Fund Guide 2006 highlights five families’ portfolios and what an advisor or two would suggest as far as allocation. I was honestly expecting some rather poor advice (ala Morningstar’s constant search for the ‘Best Fund Manager of November 2005,’ or other such nonsense), but in general, they seem to do a good job of pointing the families in what I would consider would be a more reasonable direction.
The only suggestion I’d probably disagree with in any serious way is their advice to one of the families to refinance their $250k ARM, $30k HEL, and $12k in credit card debt with another $500k ARM, and putting the extra $200k in stock & bond funds. Investing with money costing you what ’should be under 6 percent’ just seems like a really bad idea™ to me…
[via Everybody Loves My Money]
[tags]mortgage, home equity, mutual funds, investing, adjustable rate[/tags]
