Michael Fitzsimmons is a retired electronics engineer and avid investor. He advises investors to construct a well-diversified portfolio built on a core foundation of a high-quality low-cost S&P500 fund. For investors who can tolerate short-term risks, he advises an over-weight position in the technology sector, which he believes is still in the early stages of a long-term secular bull-market. For dividend income, and as a 4th generation oil & gas man, Fitzsimmons suggests investors consider a position in la ...

The stock of Oklahoma-based oil and gas producer Devon Energy (NYSE: DVN ) is down 32% over the past year - much greater than its bigger peers (see one-year total returns chart below). The downdraft in the stock is despite the fact that Devon grew Q1Michael Fitzsimmons is a retired electronics engineer and avid investor. He advises investors to construct a well-diversified portfolio built on a core foundation of a high-quality low-cost S&P500 fund. For investors who can tolerate short-term risks, he advises ...

Core Viewpoint - The article emphasizes the importance of constructing a well-diversified investment portfolio, primarily focusing on a high-quality, low-cost S&P 500 ETF, while suggesting an overweight position in the technology sector due to its potential for long-term growth [1]. Investment Strategy - Investors are advised to build a diversified portfolio that includes a core foundation of a high-quality, low-cost S&P 500 fund [1]. - For those who can tolerate short-term risks, an overweight position in the technology sector is recommended, as it is believed to be in the early stages of a long-term secular bull market [1]. - For dividend income, large oil and gas companies that offer strong dividend income and growth are suggested as potential investments [1]. Capital Allocation Approach - The article advocates for a top-down capital allocation strategy that aligns with individual investor circumstances, such as age, employment status, risk tolerance, income, net worth, and investment goals [1]. - Suggested investment categories include the S&P 500, technology, dividend income, sector ETFs, growth, speculative growth, gold, and cash [1].

Investment Strategy - A well-diversified portfolio should be constructed with a core foundation of a high-quality low-cost S&P 500 fund [1] - For those who can tolerate short-term risks, an overweight position in the technology sector is recommended, as it is believed to be in the early stages of a long-term secular bull market [1] - Large oil and gas companies that provide strong dividend income and growth are suggested for dividend income [1] Portfolio Management Approach - A top-down capital allocation approach is recommended, tailored to individual investor situations such as age, retirement status, risk tolerance, income, net worth, and goals [1] - Potential allocations may include categories such as S&P 500, technology, dividend income, sector ETFs, growth, speculative growth, gold, and cash [1]