PJP
Invesco Pharmaceuticals ETF
stock NYSE ETF

I currently have following positions:
Symbol Description Percent Of Account
------ ----------- -----------------
Traditional IRA

SPAXX HELD IN MONEY MARKET 60.07%
FZROX FIDELITY ZERO TOTAL MARKET INDEX 18.00%
FSKAX FIDELITY TOTAL MARKET INDEX FUND 13.39%
TEDIX FRANKLIN MUTUAL GLBL DISCOVERY CLASS A 6.47%
PJP INVESCO EXCHANGE TRADED FD TR PHARMACEUTICALS 2.07%

Roth IRA

FNIAX FIDELITY ADVISOR NEW INSIGHTS CL A 22.72%
SPAXX HELD IN MONEY MARKET 15.83%
AMRMX AMERICAN MUTUAL FUND CLASS A 13.23%
DXJ WISDOMTREE JAPAN HEDGED EQUITY FUND 11.18%
AEDAX INVESCO INTL VALUE CLASS A 10.13%
XLK SELECT SECTOR SPDR TRUST 6.01%
CZA INVESCO EXCHANGE TRADED FD TR ZACKS MID CAP 4.14%
DBMAX BNY MELLON SMALL MID CAP GROWTH A 3.02%
DIAMX DIAMOND HILL LONG SHORT INVESTOR 2.86%
VSEAX JPMORGAN SMALL CAP EQUITY CLASS A 2.52%
TVOAX TOUCHSTONE SMALL CAP VALUE CL A 2.25%
ASLAX AB SELECT US LONG SHORT PORT CLASS A 2.24%
CLARX NYLI CBRE REAL ESTATE A 2.16%
PJP INVESCO EXCHANGE TRADED FD TR PHARMACEUTICALS 1.72%

(not sure if this is a separate account or part of the Roth IRA, but it is listed separately)
VERIZON SAVINGS PLAN VERIZON 2035 FUND 100.00%

obviously this is not ideal this is just what I've had for a long time since I didn't know any better.
- what are the biggest problems here. I see some duplicate holdings and a large amount of cash which is bad, and too many individual holdings
- what would you advise I do with these, sell off and buy 2-3 of the recommended funds?
- what are the current best recommendations, assuming medium risk and also wanting growth
- should dividend earning funds be put in a taxable account instead?

I currently have following positions:
Symbol Description Percent Of Account
------ ----------- -----------------
Traditional IRA

SPAXX HELD IN MONEY MARKET 60.07%
FZROX FIDELITY ZERO TOTAL MARKET INDEX 18.00%
FSKAX FIDELITY TOTAL MARKET INDEX FUND 13.39%
TEDIX FRANKLIN MUTUAL GLBL DISCOVERY CLASS A 6.47%
PJP INVESCO EXCHANGE TRADED FD TR PHARMACEUTICALS 2.07%

Roth IRA

FNIAX FIDELITY ADVISOR NEW INSIGHTS CL A 22.72%
SPAXX HELD IN MONEY MARKET 15.83%
AMRMX AMERICAN MUTUAL FUND CLASS A 13.23%
DXJ WISDOMTREE JAPAN HEDGED EQUITY FUND 11.18%
AEDAX INVESCO INTL VALUE CLASS A 10.13%
XLK SELECT SECTOR SPDR TRUST 6.01%
CZA INVESCO EXCHANGE TRADED FD TR ZACKS MID CAP 4.14%
DBMAX BNY MELLON SMALL MID CAP GROWTH A 3.02%
DIAMX DIAMOND HILL LONG SHORT INVESTOR 2.86%
VSEAX JPMORGAN SMALL CAP EQUITY CLASS A 2.52%
TVOAX TOUCHSTONE SMALL CAP VALUE CL A 2.25%
ASLAX AB SELECT US LONG SHORT PORT CLASS A 2.24%
CLARX NYLI CBRE REAL ESTATE A 2.16%
PJP INVESCO EXCHANGE TRADED FD TR PHARMACEUTICALS 1.72%

(not sure if this is a separate account or part of the Roth IRA, but it is listed separately)
VERIZON SAVINGS PLAN VERIZON 2035 FUND 100.00%

obviously this is not ideal this is just what I've had for a long time since I didn't know any better.
- what are the biggest problems here. I see some duplicate holdings and a large amount of cash which is bad, and too many individual holdings
- what would you advise I do with these, sell off and buy 2-3 of the recommended funds?
- what are the current best recommendations, assuming medium risk and also wanting growth
- should dividend earning funds be put in a taxable account instead?