It should, but indirectly, as it will impact your risk aversion.
Risk aversion is the fundamental factor that determines your entire portfolio allocation. When you mention that you want to go for a 67/33 allocation, it is because this is the level of risk you are comfortable taking. Even when people tell you that "at this age in this situation your allocation should be X", they're essentially recommending you a certain level of risk aversion.
Now risk aversion is not a fixed measure. We can deduce this based on common knowledge: it is usually recommended to have more stocks when you are young, so it means that risk aversion levels change with age. It might seem trivial to prove that risk aversion is a variable and not a constant, but better safe than sorry.
Age is probably not the only factor that determines how comfortable you are to be taking more risk. Having to pay rent (i.e. increased costs as opposed to fully owning your apartment)? The ability to take a loan on your apartment? The simple idea of having a fixed place that's yours and that you enjoy living in? Most likely this will impact how much risk you are willing to take with your investments. If I understand correctly, that's what both you and a lot of people in the comments had concluded anyways - owning property shouldn't be counted directly into your investment portfolio, but it will definitely impact how you invest.
Risk aversion is the fundamental factor that determines your entire portfolio allocation. When you mention that you want to go for a 67/33 allocation, it is because this is the level of risk you are comfortable taking. Even when people tell you that "at this age in this situation your allocation should be X", they're essentially recommending you a certain level of risk aversion.
Now risk aversion is not a fixed measure. We can deduce this based on common knowledge: it is usually recommended to have more stocks when you are young, so it means that risk aversion levels change with age. It might seem trivial to prove that risk aversion is a variable and not a constant, but better safe than sorry.
Age is probably not the only factor that determines how comfortable you are to be taking more risk. Having to pay rent (i.e. increased costs as opposed to fully owning your apartment)? The ability to take a loan on your apartment? The simple idea of having a fixed place that's yours and that you enjoy living in? Most likely this will impact how much risk you are willing to take with your investments. If I understand correctly, that's what both you and a lot of people in the comments had concluded anyways - owning property shouldn't be counted directly into your investment portfolio, but it will definitely impact how you invest.
Statistics: Posted by tdgb — Fri Nov 22, 2024 3:10 am