Context: I became a board member at a non-profit with an 8 figure endowment. They use active management but the portfolio is still 60/40 with Vanguard ETFs. I showed the board treasurer how we could save on management fees if we just rolled the investment into VSMGX. He sets up a meeting with his Raymond James financial advisor and I spend the meeting showing my portfolio analyser side-by-side and how VSMGX has matched our portfolio for the last twenty years, with a lower expense ratio, and most importantly no advisor fees.

Anndd I get partonized 😂. The Raymond James person says that the market is 'stressed' and this bull run is bound to end. I counter with how global market capitalized ETF as the best portfolio for just this situation. They then try to show me a video from David Rosenberg about the S&P 500 and bond instability. I say that VSMGX is globally diverified again and reference Warren Buffet's ETF bet. Then time is called and we plan out another meeting.

I really believe that removing a 6 figure advisor fee is a fight to make but I am running out of arguments to be honest.

Note: it is separated the way it is because of brokerage industry compliance reasons. Ask for specifics if you need.
I also understand FSELX lands in uncompensated risk territory. This is not about AI, it’s about the world running on Semis and many companies printing cash, I don’t believe it’s fully priced in for certain companies which are top holdings. (NVDA,AVGO, etc). Still uncompensated on paper but not performance chasing as I have it through thick and thin.
FNSXX is not to time the market, it’s to prevent destructive behavior in case of a correction (below) while generating a yield.
Finally I’ve allocated money as such that the core will take over the account as I age to de-risk from more volatile factor and sector tilts into low cost index funds.

Current Balance: $90k
Future Allocations: $1290 (Monthly)
Strategy: (Sleeves/Factors/Semis)
Horizon: 35 years

Stock/ETF Roth IRA (Monthly)
AVUV 150 (US Small Cap Value, Screens)
AVDV 110 (Int Small Cap Value, Screens)
GARP 90 (Quality Growth, 5% stock cap)
Total: $350

MF Roth IRA (Monthly)
FSMVX - 75 (Mid Cap Value)
FSELX - 75 (Semiconductors)
FXAIX - 75 (S&P 500 Index)
FNSXX - 50 (Cash Reserves)($3k/100k Cap)
Total: $275

Emp. Roth 401k (Monthly)
Sp500 Index 50%
Int. Dev. Index 40%
Em. Mkt. Index 10%
Total: $665
(Current 10%. Auto-Increase 1% annually till 20%.)

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35-YEAR WEALTH COMPOUNDING & CORE TAKEOVER PROJECTION

Assumptions: Age 30 starting, $90,000 starting balance, 8.0% expected nominal return, 1% annual salary growth, 1% annual 401(k) increase up to 20% cap, annual bonus sweeps, adaptive IRA and 401k limits.
Age

Current 30 ~50% Core / ~50% Sat. & Factors
Year 5 35 ~58% Core / ~42% Satellites
Year 10 40 ~68% Core / ~32% Satellites
Year 15 45 ~75% Core / ~25% Satellites
Year 20 50 ~80% Core / ~20% Satellites
Year 25 55 ~85% Core / ~15% Satellites
Year 30 60 ~89% Core / ~11% Satellites
Year 35 65 ~92% Core / ~8% Satellites

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Extra:

Buy the Dip Targets (FNSXX)
10% - $200
20% - $400
30% - $600

AVUV: $107.18 (-10%), $95.27 (-20%), $83.36 (-30%)

AVDV: $96.85 (-10%), $86.09 (-20%), $75.33 (-30%)

GARP: $75.24 (-10%), $66.88 (-20%), $58.52 (-30%)

FSMVX: $32.76 (-10%), $29.12 (-20%), $25.48 (-30%)

FSELX: $56.48 (-10%), $50.21 (-20%), $43.93 (-30%)

Based on studies, what do you guys think, is CAGE already perfected?