ER Eddie
Thinks s/he gets paid by the post
- Joined
- Mar 16, 2013
- Messages
- 1,794
I understand that asset allocation is key. The problem is, I have a very rudimentary understanding of "asset allocation." I am 51, planning to retire at 53, and I currently have about 53% in stocks, 43% in bonds, and about 6% in cash/CD. Beyond just the stock/bond/cash split, which I'm not sure I've got right, there is also another layer of "asset allocation" that I need to understand as well -- the one dealing with large cap, medium/small cap, foreign, etc. That part I do not understand well.
Can someone give me advice about asset allocation and suggest some trustworthy resources that are good for beginners and not too detailed or in-depth? I'm not stupid, but my eyes glaze over when I read detailed financial analysis (I find it pretty boring, to tell the truth). I have a couple of pieces of advice in this area, but I'm not sure I trust them. Someone help a noob out?
Can someone give me advice about asset allocation and suggest some trustworthy resources that are good for beginners and not too detailed or in-depth? I'm not stupid, but my eyes glaze over when I read detailed financial analysis (I find it pretty boring, to tell the truth). I have a couple of pieces of advice in this area, but I'm not sure I trust them. Someone help a noob out?