Quote:
Originally Posted by retiredguy123
I have always used Vanguard index funds, 40 percent in stocks, 30 percent in bonds, and 30 percent in cash. I have never paid anyone for investment advice. If you do a little research on your own, you don't need to pay for advice. The biggest problem with hiring a financial advisor is that many of them are more interested in making money for themselves and not for you. And, the least knowledgeable investors are the ones that are most likely to hire an unscrupulous advisor.
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Like most things there is no shortage of differing OPINIONS. Everyone's view is different
as well as assets, expenses risk tolerance, health, age, taxes and I'm sure I left out many others. I never give financial advice because I wish all well but will not accept or pay any damages for following my advice. As far as your 40% stocks, 30% bonds and 30% cash.
Many do not realize that if that is a bond fund those bonds are leveraged. They borrow on the bonds they hold to buy more bonds. That gets them higher than market yield as well as increasing risk. Cash-today due to very low yields, rising inflation and the fact that you pay your highest tax rate on any dividends on cash it is a net loss. That does not mean you do not need some cash for most IN MY OPINION 30% is high.
My point, one size does not fit all at least not well.