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Re: what to keep/dump/change for the 'short haul'?
closer
04-27-2008, 10:41 AM | Post #2512152
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Peggytex, I have been thinking about your situation. I will be 60 in six months. If I had a portfolio with such a high level of risk as yours, here's what I'd think about doing over a period of time.
Buy balanced core fund (w/large-cap value bent) PRWCX 25%; buy small-cap Royce Value Service RYVFX 10%; reduce natural resources PRNEX to 5%; sell or reduce health sciences PRHSX to 5%; buy global stock fund (w/growth bent ) PRGSX 10%; sell Emerging Europe & Med TREMX; sell New Asia PRASX; reduce Latin America PRLAX to 5%; buy core bond fund RPSIX 20%; reduce international bond RPIBX to 10%; cash 10%; later in 2008 or 2009 consider adding real estate TRREX 5%. The Big Money Poll in this weekend's Barron's indicates that money managers have very low expectations for health-care stocks in the next 6-12 months. While I have very high regard for PRHSX manager Kris Jenner, the health sector is facing strong headwinds from increased regulatory activity by the FDA and legislation by the Democrat-controlled Congress (and perhaps soon a Democrat-controlled White House). Royce is one of the best small-cap stock shops.
Topics
International Bond
latin america
money managers
natural resources
new asia
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