This is why an IPS is so important. It should state something like "In 2024, I will allocate 10% of my assets ($x) to speculative investments. For each subsequent year, I will allocate no more than 10% of my total investment contributions to speculative investments."Nisiprius has some very good challenges to this. What happens if the "speculative" goes to 0? Do you then double down and invest another 10%?In my retirement accounts I’ve moved 10% of my Roth IRA, IRA, and HSA into (speculations). I did this, because I believe in them and think they may be worth the risk. Even if the 10% goes to zero, I will still be OK with my retirement accounts, as I’m not planning on retiring anytime soon and I’d get bored if I wasn’t working. Is this a sound thing to do or stupid?
The rest of my money is roughly 75% US total market and 25% International with 1/2 of that in emerging markets.
ETA - 45 years old and total retirement investments are roughly 400k currently. I predict that I’ll want around 50k a year at retirement and want to retire around 55 years old.
Statistics: Posted by Harmanic — Wed Dec 04, 2024 6:28 am