54 Lazy Portfolios and Their ETF Pies for M1 Finance (2024) (2024)

The term “lazy portfolio” refers to a portfolio designed to perform well in most market conditions, that can be held for an extended period without changing the asset allocation leading up to retirement. Popular examples are the traditional 60/40 Portfolio and the Bogleheads 3 Fund Portfolio.

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Lazy portfolios are usually simple, diversified collections of low-cost index funds; no active management, market timing, or stock picking here. Jack Bogle, founder of Vanguard and considered the father of index investing, advocated for the “majesty of simplicity.” In this case, “lazy” isn't a bad thing.

Lazy portfolios arguably take index investing even further, taking the guesswork and complexity out of investing, allowing the investor to truly be “lazy” in their investing approach by eliminating the need to choose funds and the allocations thereof; the investor need only occasionally rebalance their lazy portfolio. This saves the investor time and alleviates potential stress and cognitive dissonance related to investing strategies, and also mitigates the investor's own biases. As such, they're perfect for the long-term buy-and-hold investor who wants to be hands-off. These benefits of portfolio simplicity are too often overlooked.

Below is an ever-evolving list of lazy portfolios, with links to my usually-brief analysis/review of each. On each respective page is a link to a pie of ETFs for use with M1 Finance. Whenever possible, I'm usually using low-cost Vanguard funds, or whichever provider has the lowest fees with sufficient AUM.

Canadian investors can use Questrade, and those outside North America can useeToro.

Similarly, when a particular risk factor is targeted, I've selected the fund with a favorable balance of factor loading, fees, and volume. I try to review and update these regularly as new funds emerge that may be a superior choice.

A lot of people email me asking which is the best lazy portfolio. That's subjective and highly personal; there's no single correct answer. “Best” for one person could mean greatest expected return. “Best” for someone else may mean the lowest volatility. More advanced investors may prefer a lazy portfolio that heavily utilizes factor tilts; others prefer simplicity.

Start by assessing your personal goals, risk tolerance, and time horizon, and choose an appropriate asset allocation. The “best lazy portfolio” is the one that allows you to sleep easy at night, ignore the short-term noise, avoid tinkering, and stay the course.

In most cases of US-only equities, I've also created a global version to capture international stocks for those understandably wanting more diversification.

Comment or email to request a lazy portfolio that I may have missed or haven't seen yet. The list of lazy portfolios below is in no particular order.

Don't want to do all this investing stuff yourself or feel overwhelmed? Check out my flat-fee-only fiduciary friends over at Advisor.com.

Are you nearing or in retirement? Use my link here to get a free holistic financial plan from fiduciary advisors at Retirable to manage your savings, spend smarter, and navigate key decisions.

List of Lazy Portfolios

1. Ginger Ale Portfolio (my own portfolio)
2. Vigorous Value Portfolio (my design)
3. Neapolitan Portfolio (my design)
4. Factor Tank Portfolio (my design)
5. Sample Retirement Portfolio (my design)
6. Tom's Tail Risk Portfolio (my design)
7. Ray Dalio All Weather Portfolio
8. Golden Butterfly Portfolio
9. Harry Browne's Permanent Portfolio
10. Bogleheads 3 Fund Portfolio (global stocks, U.S. bonds)
11. Bogleheads 4 Fund Portfolio (global stocks, global bonds)
12. Bogleheads 2 Fund Portfolio (global stocks, global bonds)
13. Warren Buffett ETF Portfolio (90/10)
14. Paul Merriman Ultimate Buy and Hold Portfolio
15. Paul Merriman 4 Fund Portfolio
16. Ben Felix Model Portfolio
17. 60/40 Portfolio
18. Hedgefundie's Excellent Adventure (not “lazy,” I know; not for beginners)
19. Custom Emergency Fund Replacement (low risk)
20. David Swensen Portfolio (Yale Model)
21. Meb Faber Ivy Portfolio
22. Bernstein No Brainer Portfolio
23. Bernstein Coward's Portfolio
24. Frank Armstrong Ideal Index Portfolio
25. Bob Clyatt Sandwich Portfolio
26. Pinwheel Portfolio
27. Bill Schultheis Coffeehouse Portfolio
28. John's High Dividend Pie (for dividend income investors)
29. Second Grader's Starter Portfolio
30. All Asset No Authority Portfolio
31. Larry Swedroe Portfolio (30/70, small cap value)
32. Tim Maurer Simple Money Portfolio
33. Rick Ferri Core 4 Portfolio
34. JL Collins Simple Path to Wealth Portfolio
35. Rob Arnott Portfolio
36. Research Affiliates Model Portfolios
37. Craig Israelsen 7Twelve Portfolio
38. Roger Gibson 5 Asset Portfolio
39. Roger Gibson Talmud Portfolio
40. Gyroscopic Investing Desert Portfolio
41. Scott Burns Couch Potato Portfolio (50/50)
42. Scott Burns Margarita Portfolio
43. Alexander Green's Gone Fishin' Portfolio
44. NTSX with Diversification
45. PSLDX Replication
46. RPAR Replication
47. SWAN + Gold
48. Improved M1 Finance Ultra Aggressive Portfolio Expert Pie (100/0)
49. Improved M1 Finance Aggressive Portfolio Expert Pie (90/10)
50. Improved M1 Finance Moderately Aggressive Portfolio Expert Pie (80/20)
51. Improved M1 Finance Moderate Portfolio Expert Pie (70/30)
52. Improved M1 Finance Moderately Conservative Portfolio Expert Pie (60/40)
53. Improved M1 Finance Conservative Portfolio Expert Pie (40/60)
54. Improved M1 Finance Ultra Conservative Portfolio Expert Pie (20/80)

Disclaimer: While I love diving into investing-related data and playing around with backtests, this is not financial advice, investing advice, or tax advice. The information on this website is for informational, educational, and entertainment purposes only. Investment products discussed (ETFs, mutual funds, etc.) are for illustrative purposes only. It is not a recommendation to buy, sell, or otherwise transact in any of the products mentioned. I always attempt to ensure the accuracy of information presented but that accuracy cannot be guaranteed. Do your own due diligence. I mention M1 Finance a lot around here. M1 does not provide investment advice, and this is not an offer or solicitation of an offer, or advice to buy or sell any security, and you are encouraged to consult your personal investment, legal, and tax advisors. All examples above are hypothetical, do not reflect any specific investments, are for informational purposes only, and should not be considered an offer to buy or sell any products. All investing involves risk, including the risk of losing the money you invest. Past performance does not guarantee future results. Opinions are my own and do not represent those of other parties mentioned. Read my lengthier disclaimer here.

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