The term “lazy portfolio” refers to a portfolio designed to perform well in most market conditions, that can be held for an extended period without changing the asset allocation leading up to retirement. Popular examples are the traditional 60/40 Portfolio and the Bogleheads 3 Fund Portfolio.
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Lazy portfolios are usually simple, diversified collections of low-cost index funds; no active management, market timing, or stock picking here. Jack Bogle, founder of Vanguard and considered the father of index investing, advocated for the “majesty of simplicity.” In this case, “lazy” isn’t a bad thing.
Lazy portfolios arguably take index investing even further, taking the guesswork and complexity out of investing, allowing the investor to truly be “lazy” in their investing approach by eliminating the need to choose funds and the allocations thereof; the investor need only occasionally rebalance their lazy portfolio. This saves the investor time and alleviates potential stress and cognitive dissonance related to investing strategies. As such, they’re perfect for the long-term buy-and-hold investor who wants to be hands-off.
Below is an ever-evolving list of popular lazy portfolios, with links to my usually-brief analysis/review of each and the corresponding pie of ETF’s to use with M1 Finance. Whenever possible, I’m usually using low-cost Vanguard funds, or whichever provider has the lowest fees with sufficient AUM. Similarly, when a particular risk factor is targeted, I’ve selected the fund with a favorable balance of factor loading, fees, and volume. I try to review these regularly as new funds emerge that may be a superior choice.
In most cases of US-only equities, I’ve also created a global version to capture international stocks for those wanting more diversification.
Comment or email to request a lazy portfolio that I may have missed or haven’t seen yet.
List of Lazy Portfolios
- Ray Dalio All Weather Portfolio (review here)
- Golden Butterfly Portfolio (review here)
- Harry Browne’s Permanent Portfolio (review here)
- David Swensen Portfolio (review here)
- Bogleheads 3 Fund Portfolio (80/20; review here)
- Bogleheads 4 Fund Portfolio (80/20; review here)
- 60/40 Portfolio (review here)
- Meb Faber Ivy Portfolio (review here)
- Bernstein No Brainer Portfolio (review here)
- Ben Felix Factor Model Portfolio (review here)
- Frank Armstrong Ideal Index Portfolio (review here)
- Bob Clyatt Sandwich Portfolio (review here)
- Pinwheel Portfolio (review here)
- Bill Schultheis Coffeehouse Portfolio (review here)
- Warren Buffett Portfolio (review here)
- John’s High Dividend Pie
- Paul Farrell Second Grader’s Starter Portfolio (review here)
- Larry Swedroe Portfolio (review here)
- Tim Maurer Simple Money Portfolio (review here)
- Rick Ferri Core 4 Portfolio (review here)
- JL Collins Simple Path to Wealth Portfolio
- Craig Israelsen 7Twelve Portfolio (review here)
- Paul Merriman 4 Fund Portfolio
- Paul Merriman Ultimate Buy and Hold Portfolio (review here)
- Roger Gibson 5 Asset Portfolio (review here)
- Roger Gibson Talmud Portfolio (review here)
- Gyroscopic Investing Desert Portfolio (review here)
- Scott Burns Couch Potato Portfolio (review here)
- Scott Burns Margarita Portfolio
- Hedgefundie’s Excellent Adventure 55/45 (not “lazy,” I know; review here)
Disclaimer: While I love diving into investing-related data and playing around with backtests, I am in no way a certified expert. I have no formal financial education. I am not a financial advisor, portfolio manager, or accountant. This is not financial advice, investing advice, or tax advice. The information on this website is for informational and recreational purposes only. Investment products discussed (ETFs, mutual funds, etc.) are for illustrative purposes only. It is not a recommendation to buy, sell, or otherwise transact in any of the products mentioned. Do your own due diligence. Past performance does not guarantee future returns. Read my lengthier disclaimer here.