I read a lot about asset allocation between stocks, bonds, cash, and etc.
However, now that I have a substantial amount in those types of market investments, I am wondering what information or thoughts are out there about OVERALL asset allocation, i.e. as a part of total net worth.
For instance, around 20% of my assets are involved in my home (mortgaged). Let's say another 10% is related to "stuff" (cars, furniture, etc). Therefore when we talk about asset allocation, it is really just how to split up the allocation of the remaining 70%-- but I'd like to know more about how the full 100% should be best allocated.
Thoughts? Perhaps 70% spread across the various financial markets (stocks, bonds, etc) is too high and I should be diversified into something else (i.e., more real estate, small business, hard assets, cash, etc).
However, now that I have a substantial amount in those types of market investments, I am wondering what information or thoughts are out there about OVERALL asset allocation, i.e. as a part of total net worth.
For instance, around 20% of my assets are involved in my home (mortgaged). Let's say another 10% is related to "stuff" (cars, furniture, etc). Therefore when we talk about asset allocation, it is really just how to split up the allocation of the remaining 70%-- but I'd like to know more about how the full 100% should be best allocated.
Thoughts? Perhaps 70% spread across the various financial markets (stocks, bonds, etc) is too high and I should be diversified into something else (i.e., more real estate, small business, hard assets, cash, etc).