Any good free asset allocation sites? (1 Viewer)

[DallasDMac]

So, based on the earlier thread I had posted about emergency savings, I find I have a sum I'd like to move to investments since we had been over-saving. I used to belong to Morningstar but no longer do. I'm wondering if anyone has a good site that will give good advice on asset allocation for mutuals and ETFs? I've used target funds in the past (and currently with my 401k to be honest) but don't want to go that route with this money. So what I am looking for is a site that will give me a breakout based on length of time to retirement, risk tolerance, etc. So something that returns something like:

35% Large Cap, 20% Small Cap, 20% Foreign, yada yada...

Also though, it would be great if it even suggested like maybe the top three funds in each category. Are there any free sites that do this? Or am I going to need to pay to access it? Maybe I just find a good site for the breakout, then get Money's annual mutual fund issues to choose individual funds? I'd be ok with that.

Overall, I probably don't need to say this but... I'm not looking for just any ol' site. I'd like to hear about ones you have used and trust to give good sound advice.

TIA.

 

[eoMMan]

Keep in mine that asset allocation is meaningless unless you are considering EVERYTHING....the whole pie (401k, IRAs, side investments, etc.).

 

[FUBAR]

Keep in mine that asset allocation is meaningless unless you are considering EVERYTHING....the whole pie (401k, IRAs, side investments, etc.).

That's a good point but one worth discussing more.  I currently include my kids educational accounts but I'm not so sure that's wise long term.  I'm thinking of simplifying theirs into VTI and maybe VEU, 70/30 type split and not include their accounts in our total allocation. 

Also, I'm still internally debating on how to account for a government pension in that allocation.  I'm counting it as bonds right now because the purpose of bonds is largely met by the pension but is there a better way? 

For the op, I don't use any one site. I've read a lot of differing opinions and formed my own allocation.  I keep track using a basic portfolio tracker on excel (I actually forget where I got it originally) and adjust as needed, semi annually. 

 

[eoMMan]

That's a good point but one worth discussing more.  I currently include my kids educational accounts but I'm not so sure that's wise long term.  I'm thinking of simplifying theirs into VTI and maybe VEU, 70/30 type split and not include their accounts in our total allocation. 

Also, I'm still internally debating on how to account for a government pension in that allocation.  I'm counting it as bonds right now because the purpose of bonds is largely met by the pension but is there a better way? 

For the op, I don't use any one site. I've read a lot of differing opinions and formed my own allocation.  I keep track using a basic portfolio tracker on excel (I actually forget where I got it originally) and adjust as needed, semi annually. 

I think something like your kid's education accounts should indeed have their own separate asset allocations because you'll have different goals and timeframes for those investments. I was mostly referring to retirement accounts and how they should viewed all together in terms of asset allocation. 

 

[eoMMan]

Try these:

http://www.bankrate.com/calculators/retirement/asset-allocation.aspx

https://smartasset.com/investing/asset-allocation-calculator#p0h641Dj58

 

[Philo]

FutureAdvisor, which kind of works like Mint.com (I think they're partnered), is pretty good. You have to trust them with your login information though, just like mint. But they'll look up all your accounts, value up how everything is divided up, and tell you how much you're overvalued in whatever sector. 

 

[Mitch Robbins]

 

[DallasDMac]

Thanks folks. I'll check all these suggestion out.