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From AAII: How simple or intricate you make your mutual fund portfolio comes down to your investor profile: the amount of time and interest you want to spend managing it, your investment knowledge, and the total amount of dollars you'll be investing. There are, however, some investment constants - no matter what, your portfolio of mutual funds should be: diversified; meet your financial goals; and match your risk tolerance. Your asset allocation - how much you put into the various asset categories - addresses these financial concerns. What fund types you select and how many funds you invest in to populate the asset categories is driven by your investor profile. You also need to make sure that, when you think of your mutual fund portfolio, you are considering all of your funds: those held in both your taxable and tax-sheltered accounts. When you view all of your mutual fund holdings as one portfolio, it becomes clear that you need not replicate your total mutual fund portfolio allocation in every individual account ...
From SIPC: The Securities Investor Protection Corporation (SIPC), which maintains a special reserve fund authorized by Congress to help investors at failed brokerage firms, issued a statement on September 15, 2008 in relation to reports about the bankruptcy filing of Lehman Brothers Holdings, Inc. SIPC President Stephen Harbeck said: "SIPC has not initiated a liquidation proceeding against the broker-dealer Lehman Brothers Inc. and we do not currently anticipate doing so ... It is important to understand that the holdings of broker-dealer Lehman Brothers Inc., would not be directly impacted by a bankruptcy filing at the separate entity Lehman Brothers Holdings, Inc. Should the situation at Lehman Brothers Inc. change in some material way not now anticipated by SIPC and regulators, we will, of course, intervene as necessary to protect the cash and securities of customers. However, I want to underscore that such an action is considered unlikely at this time ..."
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