DODIX DODGX 50/50 And forget about it.

Why not just 100% DODBX?

DODIX DODGX 50/50 And forget about it.

DODIX has generated returns of 5 yrs +1.1% and 10 yrs +2.4%. It still beat most core bond funds, but ended up being a drag over the past decade. Simple does work well enough most of the time - folks don't need 15 to 20 funds. And perhaps balanced funds get back into a groove in this next decade.
But I believe you can modify the plan a bit - roll with S/T bonds instead of L/T, add a dash of precious metals/commodities, alternative funds, hedged funds, etc. The now dreaded D word (Diversification) is not always bad.
To each their own.

I have a 401(k), Roth IRA, Rollover IRA, H.S.A., and two taxable accounts.
My entire portfolio includes 10 mutual funds/ETFs, 1 individual stock, and 5-Year TIPS purchased at auction.
No account has more than two funds (excluding money market funds) except for one taxable account.
Reducing the portfolio's total number of positions to 5 or 6 (excluding money market funds)
is appealing although there is no "magic number."

@Charles - You took the words right out of my mouth. My first sentence in the OP: ”Doing so would defy good investment practice as I understand it. There’s a common school of thought that you should select 5 -10 good “horses” (funds) and ride them. That over diversification (labeled worsification by some) is bad.”
So you have no real argument from me. However, if everyone took your sage advice and split their portfolios 50/50 between DODIX & DODGX nearly the entire financial / fund industry would have to close their doors. - Musk on steroids. :)

DODIX DODGX 50/50 And forget about it.
But if you don't want to forget about it, I like FD1000's approach.
Stick to just a few mutual funds ... like two or three ... no more than five! Almost all, by definition, are diversified.
On those exceptions ... one would have done well with: OAKBX, VWELX, VWINX in the 2000's. Just great balanced funds for their time ... if not for a lifetime. Of course, that's ex-post.

Franklin crypto ETFs start with EZ...
So, EZBC for Bitcoin and EZET for Ether make sense.
For multi-crypto etf (now only 2, 82% Bitcoin and 18% Ether), EZCZ could make sense, but "CZ" in cryptos is a recognized personality. So, Franklin became creative and came up with EZPZ.

Sold 95% of my VONG (Russell 1000) -- s&&T is going to hit the fan... all the fed layoffs AND all of the supporting businesses those thousands of workers use... it has got to effect the economy in a bad way. Many university's losing their research funding, thousands more in limbo. That and all of our "past" allies now looking for alternative options other than the USA. I'll sit on the sidelines and watch the mess unfold and this administration crash and burn. Down to 40% stock from 50%. I think the bully is going to get punched in the face at some point. Yes, ~50% of "our" population support him but now he's pissing off ALL of our allies. I support some of what he's doing, pushing NATO to support themselves, no transgender men in women's sports etc... but not how he's doing it. When things go south all the unqualified people he put in power will fold. Sorry for the long post but it is buy/sell "WHY".

https://www.businesswire.com/news/home/20250220096361/en/Franklin-Templeton-Expands-Its-Digital-Asset-ETP-Suite-With-Launch-of-the-Franklin-Crypto-Index-ETF
like the symbol - sort of like easypeasy

@FD1k, so layups over threes as a principle.
(I'm a successful threes shooter --- on the court but only there. Off-court, have had to restrain myself to look for layups.)

Sweet 10 months for these MultiSector Income funds: Holbrook Structured Income I (HOSIX), SEI Opportunistic Income A (ENIAX), RBC BlueBay Strategic Income I (RBSIX), and Credit Suisse Strategic Income I (CSOIX).
No (month ending) drawdown. Healthy return.

Sold off 1/3 of my Citigroup in my taxable account. It was up nicely over the past year, so I'm taking some chips off the table.

Just curious if anyone knows why JPMorgan Hedged Equity 2 (JHDAX) had a big cap gains distribution in 2022. Looks like it was about 3.7% LTCG and 1.6% STCG. Just that one year. Otherwise none of the JPMorgan hedged equity funds seem to distribute any cap gains at all.

Aren't high-yield spreads tight and rather unattractive?

On that basis, yes. That's what everyone is saying. I've done well, sticking with my ill-timed choice to get into Junk just before 2022 arrived. I rode it down, then back up, reinvesting all dividends. There was a rebound. By now, the share prices are going nowhere fast, but the yield is still above 7% on my chosen OEFs. Love getting those divvies, month after month.

Skeet had a laundry list of funds. Might have been around 60 as @Mark suggests. Took some kidding. But I never thought it mattered much how many funds one held. It’s a terribly wide fund universe out there. An organizational / clerical / record-keeping nightmare perhaps.
Not what I’m considering. Just a group of 10 I would trade in and out of (frequent rebalancing) in an attempt to do better than the conservative global allocation “fund of funds” they’d replace. Some would be quite volatile, but combined they would probably have similar risk. No doubt it would require more time and effort than just hanging on to a single fund.
Thanks @JD_co for the mention of Fidelity’s “Do-it-yourself” basket of funds. Just when I thought there was: nothing new under the sun. :)

hank, I have been doing something similar since 2000.
I select the best risk/reward up to 5 funds within top 1-2 categories for my criteria and keep changing. Then, every fund must be in the top 20-30%. Risk control is a lot more important to me.
The more money I have and the best I got, I started using only 2-3 funds.
Stocks: 1995-2000 + after 2010 = mostly LC tilting growth. 2000-2010=Value, SC, International.
Bonds: Preparing for retirement, PIMIX was my first bond fund. I started investing in it in 2010 and it grew to over 50% until I sold it in 01/2018.
Basically, I modeled it after basketball, a game that I played over 4 decades. As a coach, you want to go to the playoffs every year. Winning isn't a guarantee. Why would someone hold value when growth is so much better for many years?
You play your best 5 players every time. Superstars play more, and you give them more rope. A superstar isn't guaranteed. You want to play your best 5 at any moment. You can't have a bad player on the court.
All my funds must perform well within their category. Reliability is worth a lot. I don't play with emotion. A bad fund must be replaced. It gets very easy over the years.
I never diversified since the first day I started investing. Diversification = I must have LC,SC,value,growth,international and others. If US LC does well, it's the easiest to make money. If it doesn't, you diversify more.
What's the catch? when and how to replace funds. That takes discipline and a lot of experience. You can't learn swimming by reading a book. My goals have changed too and that changed my trading too.
Exceptions exist: every several years you find funds/managers that beat the odds. Think PRWCX,PIMIX for many years; I held SGIIX,FAIRX,OAKBX for 8+ years during 2000-10. Some managers do great in specific markets.

Apparently these ETFs are traded with a slight premium, which may indicate investor demand.
I wonder how these ETFs compare to DIY treasury ladder consisting of i, 1.5, 3, 6, and 12 months T bills.

Doing so would defy good investment practice as I understand it. There’s a common school of thought that you should select 5 -10 good “horses” (funds) and ride them. That over diversification (labeled worsification by some) is bad.
But it occurs to me that for one part of a portfolio (around 10-20%) you could do better with less risk than a single fund by cooking up an equally weighted mix of more volatile investments - provided they tend not to run in the same direction. Toss in some stock, bond, currency or commodity CEFs, some ETFs, and even a favorite stock or too. 10 total for simplicity is what I envision. Then rebalance frequently, locking in short term profits and adding to the ones that have fallen. And if you find you have a rotten egg in there, swap it out for something else which shouldn’t be a problem owing to its relatively small weighting in the portfolio..
The big drawbacks of a couple decades ago aren’t so serious. You don’t need to use OEFs with their trade restrictions, Trades are free now at most brokerages. Up to the minute tracking is possible with good apps. The one drawback would be spreads - but a price worth paying perhaps.
Haven’t implemented this. Threw together an hypothetical portfolio I intend to watch and hopefully learn from,
Anybody doing this?

I like @Crash asset allocation. With all the turmoil and tariffs. Monday’s future market looks bleak, even gold.
https://cnbc.com/pre-markets/
https://finviz.com/futures.ashx
Mark your calendar, March 14, 2025. Will the government shut down?

+ .16% In 2 weeks!! I thought this would trade in a tighter range.