Hello, i'm in my 30s and on disability. i have 80% in stocks, the rest in cash/bonds, totalling about 300k.
My risk tolerance is fairly high. i've heard that for someone my age, it is better to have an 80/20 allocation because i have at least 10 years to invest. is this true, in general?
I was wondering if i should be more conservative in my investments. My monthly expenses total about 25K a year, which is about 13K more than my monthly (fixed) income, not including investments.
Should I be as conservative as, say, someone in their 70s in my situation who needs the money for immediate income? I am confused, because while I technically probably won't run out of money in 10 years if I continue with my current allocation (even if the market has a long, bad run) - in the worst scenario I will probably have to dip into capital to some extent.
What allocation strategy would best apply in my case? The one commonly recommended for people my age or for investors who are much older than I am? I know these questions sound silly because there is no one size fits all approach for a certain age. Any advice would be greatly appreciated
My risk tolerance is fairly high. i've heard that for someone my age, it is better to have an 80/20 allocation because i have at least 10 years to invest. is this true, in general?
I was wondering if i should be more conservative in my investments. My monthly expenses total about 25K a year, which is about 13K more than my monthly (fixed) income, not including investments.
Should I be as conservative as, say, someone in their 70s in my situation who needs the money for immediate income? I am confused, because while I technically probably won't run out of money in 10 years if I continue with my current allocation (even if the market has a long, bad run) - in the worst scenario I will probably have to dip into capital to some extent.
What allocation strategy would best apply in my case? The one commonly recommended for people my age or for investors who are much older than I am? I know these questions sound silly because there is no one size fits all approach for a certain age. Any advice would be greatly appreciated