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The Key Aspect of Good Financial Planning
In my model, a stock market investor is indifferent to losses on average over about an 18-year period. So if you need that money in the next five years, for instance, well, the stock market's not a good place to put it. And so something like cash or even an aggregate bond fund would fit that model inside of a five-year timeframe. commodities and inflation hedges are basically like 30-plus-year instruments, but have a highly short-term asymmetric payoff.