Straight answer to straight question: yes, you would be crazy to hold 100% stocks when you FIRE. Unless you have more than 50X or your X contains a lot of expenses you can easily cut like travelling. Or you’re willing to go back to work if things go wrong. Life is full of surprises so make sure your X is ready for them. I love the Yiddish proverb “man plans, god laughs”. I think it was much appreciated forum member Klangfool and his message where I read it first. It serves me as a reminder that many things in life are not in our hands and the best we can financially do is to prepare different kinds of outcomes. That has brought our portfolio from 100/0 to 60-70% stocks/30-40% bonds/cash. We’re 40 yo and our portfolio is about 33X but that contains 50% of expenses we could cut easily (travelling). So we have a little need to take more risk.
Statistics: Posted by Fireishere — Tue Jul 09, 2024 3:55 am — Replies 18 — Views 1578