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Make Money Investing The Warren Buffett Way
Make Money Investing The Warren Buffett Way
Welcome to BuylikeBuffett.com! Check out the about Buy Like Buffett Page to see what this blog is all about.
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For people retiring in 20 years, at this point in the economy what should their profile look like (i.e. 50% bonds, 20% stocks, etc)?
@Renee
I think that people seeking to retire in 20 years should generally have a portfolio of 65% stocks, 30% bonds, 5% metals. This assumes that they already have emergency savings. A person seeking to retire in 20 years would be much better served by seeking growth due to their long time horizon.
Thank you. How much do you believe emergency savings should be? an annual income? Some experts comments have led me to believe I will never have a sufficient amoung of emerg savings as with these large amounts, and I’d never enjoy anything in life (no trips, no luxuries, etc)….smile
@Renee
You can make it easier on yourself by saving living expenses. It doesn’t have to be salary. The minimum should be 3 months of living expenses for an emergency savings account. 6 months is even better if possible.