SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Kirk's Market Thoughts
COHR 139.51+3.0%3:59 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
Recommended by:
berniel
Ken Adams
Lee Lichterman III
Winfastorlose
To: Elroy who wrote (11082)3/18/2021 11:23:12 PM
From: Kirk ©4 Recommendations   of 26585
 
I take it you don't have any friends or relatives who are 90 years old.
Retired or not, no one should be 60% in cash and CDs, unless their total savings is teeny tiny immaterial.
The standard allocation formula used to be 100 less your age in stocks so someone 50 yrs old would be 50:50 stocks:fixed. With the much longer lifespans and lower interest rates, I use 120% less your age in stocks so an 80 year old might be 40% in stocks. Yeah, they MIGHT live to be 100 to make up for a 50% loss in 20 years, but the odds say they won't live that long hence they should have less in stocks.

There are a ton of books on this if you care to read some.

Also, if you are young and have more than enough income from CDs and dividends on your stocks to live the life you want while not working, then why take the risk of losing it by having more than 50% in stocks? That would be silly.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News