Choosing an Asset Allocation

"I wish there was an easy way to do this for people, but unfortunately when it's first starting out, it's probably more trial and error than anything else," he says. "If you can't handle seeing your life savings get cut in half, you probably shouldn't have all your money in stock." A 2.5% or 5% position in the grand scheme of things is probably not going to matter that much,. He thinks as long as you get the risky stuff versus the safe stuff, if you get that figured out, I think that's probably the biggest thing for most people.

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