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Episode 3020:

JL Collins breaks down the key factors in determining your asset allocation, focusing on risk tolerance, flexibility, and financial standing. He explains how these elements shape investment decisions, highlights personal examples, and offers insights into balancing stocks and bonds based on your financial stage. Whether you're in wealth accumulation or preservation, this guide helps you craft a strategy suited to your goals.

Read along with the original article(s) here: https://jlcollinsnh.com/2014/06/10/stocks-part-xxiii-selecting-your-asset-allocation/

Quotes to ponder:

"Only you can decide, but if ever there was a time to be brutally honest with yourself, this is it."

"For the smoothest transition, you might start slowly shifting into your bond allocation 5 or 10 years before you are fully retired."

"It is better to buy and sell in tax-advantaged accounts to avoid creating taxable events."

Episode references:

Never Pay Taxes Again: https://www.gocurrycracker.com/never-pay-taxes-again/

The Simple Path to Wealth: https://www.amazon.com/Simple-Path-Wealth-Financial-Independence/dp/1533667926

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