[Editor’s Note: Just a reminder that the CityVest deal discussed on the blog last Friday only lasts through the end of the year. If you missed that post, this is basically a chance to get into a private multi-family real estate fund with only a $25K minimum. More details at the blog post link above or this affiliate link. Remember how affiliate links work- if you invest after going through my link I get paid, although it doesn’t cost you any more to go through that link.]
A few months ago Jonathan Clements asked this question on Twitter:
It’s a good question, and one I had previously spent a lot of time thinking about, particularly once a year when I rebalance my parents’ portfolio, which is markedly simpler than my own, especially prior to the simplifications we made in our portfolio a year or two ago. To give you an idea what I’m talking about, here’s what my parents’ portfolio looks like:
Eight asset classes, four equity, and four fixed income. It used to be seven until Prime MMF went to a yield of basically 0% for years and we split a 10% allocation to it and put some of it into short-term bonds to chase yield a little.
Meanwhile, ours looks like this:
US Stocks 40% International Stocks 20% Real Estate 20% Bonds 20%
Just kidding. Kind