still have an additional $400 in hand and save money in interest.
REALLOCATE PORTFOLIO ASSETS
Epps also suggests that Clayton reconfigure her existing portfolio, which comprises nearly all equities, to include 60% equities (large-cap, mid-cap, small-cap, and international stocks), 38% bonds (corporate bonds, high-yield corporate bond funds, and government funds), and 2% in short-term CDs and cash. Moreover, Clayton is heavily invested in Citigroup stock in her brokerage account and 401(k); the former Citigroup employee worked there for more than 20 years. “You don’t want more than 10% in one company stock,” Epps cautions. “Remember Enron.”
Winner No. 40 LindaClayton
|Virginia Home (appraised value)||$275,000|
|Bronx Co-op (appraised value)||68,000|
|Fannie Mae Retirement Plan||49,460|