Q: I recently read some of your articles and noted the Fidelity buy and hold ETF portfolios. How often do you update those portfolios?
A: When I owned an investment advisory firm I had access to some of the brightest minds in the business. I also had access to their time. Now that I am retired I am on my own, so my efforts are compromised by my old mind and body. I expect to update my Fidelity portfolio once a year. I don’t believe you will see many changes because my asset allocation is based on 80 years of market returns, not the last few years as many other advisors use. I hope my advice is helpful. Let me know if you have questions.