I have been reading posts on here for a few weeks and I think I may have made an investment mistake. Overall we have a large tax deferred portfolio for retirement (1.3M), no debt, and a pension. We are retired and live very comfortably within our means.
We decided last year to sell our home because we were in a really hot market and we will probably (95%) move to another state in the next 2 to 4 years. We wanted to lock in our gains and not worry about a possible down market in a few years. We took the proceeds and put in a Vanguard Brokerage Account. I tried to set up a conservative portfolio that will get us some return without taking excessive risk. The following are the investment and percentages:
VBIAX Vanguard Balanced Index Fund Admiral (10%)
VMFXX Vanguard Federal Money Market (10%)
VSCGF Vanguard LifeStrategy Conservative Growth (10%)
VASIX Vanguard LifeStrategy Income Fund (30%)
VBIRX Vanguard Short Term Bond Index (40%)
Given our short term need for this money to reinvest in a house is this portfolio taking too much risk?
What would you suggest we invest the money in to provide some return without taking excessive risk?
Read responses in bogleheads.org