Hey Guys, Through my investing journey I have collected a myriad of Managed Funds, ETF and shares in individual companies. Im thinking now of consolidating by selling single shares and buying some SMAs SMAs - better than managed funds - Diversified Portfolios - InvestSMART Specifically the Intelligent Investor funds as I like their ethos of value inversting. Ill keep my managed funds and ETFs , especially the international ones and then monthly add to the managed funds and SMA I realise I am paying around 1% fees for the managed funds and SMA and Im fine with that as automatic monthly payments hopefully reduces the biggest risk to my investments ..that is me. Anyone see much downside in this arrangement? Im hoping to keep an allocation of around 40% aussie, 40% international, 10% Property trusts and 5% bonds...god help me, i might even flirt with 2-5% GOLD ETFS.