Commit 781f05

2026-02-02 12:01:35 Viraj Alankar: -/-
finance/investing.md ..
@@ 20,25 20,25 @@
Though the above combination of stocks and bonds is perfectly reasonable, I like to diversify further into a few other categories. Mainly I add the following, either in ETFs, options, futures, or physical assets where applicable:
-| Category | ETFs | Options | Futures | Physical |
-| -------------- | --------------------- | ------- | --------- | ------------------------------------------- |
-| Gold | GLDM, IAU, IAUM, SGOL | GLD | /GC, /MGC | [Bullionstar](https://www.bullionstar.com/) |
-| Silver | SIVR | SLV | /SIN | [Bullionstar](https://www.bullionstar.com/) |
-| Cryptocurrency | IBIT, MSTR | IBIT | /MBT | [Ledger](https://www.ledger.com/) |
+| Category | ETFs | Options | Futures | Physical |
+| -------------- | --------------------- | ---------- | --------- | ------------------------------------------- |
+| Gold | GLDM, IAU, IAUM, SGOL | GLD | /GC, /MGC | [Bullionstar](https://www.bullionstar.com/) |
+| Silver | SIVR | SLV | /SIN | [Bullionstar](https://www.bullionstar.com/) |
+| Cryptocurrency | IBIT, MSTR | IBIT, MSTR | /MBT | [Ledger](https://www.ledger.com/) |
These in sum do not exceed about 8% of my portfolio. I reduce my bonds allocation by 8% to make room for these. The reasoning is to keep some investments non-correlated with stocks/bonds. SGOL and SIVR have lower expense ratios for buy and hold, but also lower options liquidity.
Schwab ETFs do not have much option liquidity. For such cases, I might use different ETFs or futures to represent the same category. Sometimes it is also cheaper to purchase ETFs with a higher price due to trading fees being based on number of shares. I also may use mutual funds if I don't plan to do much active trading. Some equivalents:
-| Category | ETFs/funds | Futures |
-| ----------------------- | ------------------------------------------- | ---------------------------------------------------------------------------------------- |
-| US Total Market | SCHB, VTI, SWTSX, VTSAX | |
-| US Large Cap | SCHX, SPYM, SPY, VOO, VV | /MES, /ES |
-| US Small Cap | SCHA, VB, IWM | /M2K, /RTY |
-| US Bonds | BND, IEF, SCHO, SCHR, SCHZ, SWAGX, TLH, TLT | /MTN, /ZN, /10Y ([inversely correlated](#representing-bonds-with-futures)) |
-| International Developed | SCHF, SWISX, EFA, VEA | /MFS ([MXEA](https://www.ice.com/products/31196848/MSCI-EAFE-Index-Future)) |
-| International Emerging | SCHE, EEM, VWO | /MME ([MXEF](https://www.ice.com/products/31196851/MSCI-Emerging-Markets-Index-Futures)) |
+| Category | ETFs/funds | Options | Futures |
+| ----------------------- | ------------------------------------------- | ------------- | ---------------------------------------------------------------------------------------- |
+| US Total Market | SCHB, VTI, SWTSX, VTSAX | | |
+| US Large Cap | SCHX, SPY, SPYM, VOO, VV | SPYM, SPY | /MES, /ES |
+| US Small Cap | SCHA, VB, IWM | IWM | /M2K, /RTY |
+| US Bonds | BND, IEF, SCHO, SCHR, SCHZ, SWAGX, TLH, TLT | IEF, TLH, TLT | /MTN, /ZN, /10Y ([inversely correlated](#representing-bonds-with-futures)) |
+| International Developed | SCHF, SWISX, EFA, VEA | EFA | /MFS ([MXEA](https://www.ice.com/products/31196848/MSCI-EAFE-Index-Future)) |
+| International Emerging | SCHE, EEM, VWO | EEM | /MME ([MXEF](https://www.ice.com/products/31196851/MSCI-Emerging-Markets-Index-Futures)) |
Here is an example of my allocation as of January 2026:
0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9