I've mentioned before that we're moving our investments around.
Here's the overall plan:
1. Move high cost investments to low cost investments
2. Move active investments to passive investments
3. Consolidate or reduce the number of accounts to facilitate asset allocation planning
4. Consolidate the size of investments (aggregate $) to reduce fees with brokerag / mutual fund companies and maximize leverage
5. Simplify things - paperwork, etc....
Quick thoughts on what these mean:
1. Lowering investment management costs is one of the few things an investor can control about their investment's performance.
2. 85% of active investments can't beat their relevant index over long periods of time. Why pay for unnecessary research and risk?
3. The more accounts you have the less money per account you have to work with. It makes it difficult to allocate assets if there's not much money between accounts. Some providers (like Vanguard charge fees if you have less than a $3k in an index fund).
4. The more you have with a particular broker / mutual fund company, the more leverage you have. This translates into reduced fees (Vanguard and Schwab) and lower expense ratios.
5. The less paperwork, the more time for blogging.
PS I need to make a posting on our ultimate account configuration soon - still researching asset protection issues.