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41 sats \ 1 reply \ @hodlpleb 19 Jan 2024 \ on: Is « 60/40 Portfolio » dead? Personal_Finance
Wealthy people own much of their wealth in single, large assets.
Do you think anyone advises Zuckerberg or Bezos to put 40% of their wealth into bonds?
60/40 is what we’ve been sold as a way to not end up poor - but your financial advisor is unlikely to make you rich. They have to play it safe, keep up with inflation, not scare you away due to a 1 year drawdown.
Your financial advisor would have told you to sell Apple & Amazon when you had doubled your money… and you’d have missed out in the long run.
If you believe that bitcoin will continue to grow and you can back that reasoning up with logic, then why would you not consider putting a large % in?
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0 sats \ 0 replies \ @Anonymous_Hodler OP 19 Jan 2024
I totally agree with that… It was more of a rethorical question… I still think diversification is an important factor, but there isn’t only one recipee to make a good cake, right?
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