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altyfc
Joined: 29 Dec 2004
Posts: 1232
Location: Aardvarkland
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 Posted: Tue Aug 07, 2007 12:52 pm Post subject: What %? |
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What % of total savings do you think should be assigned to investing in shares...?
Does this depend on age, and what you want to do with your money and the lifestyle you want to lead?
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Money-Helper
Joined: 02 Aug 2007
Posts: 76
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| Posted: Tue Aug 07, 2007 1:48 pm Post subject: |
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This really depends on the age of the investor, the goals behind investing and the risk tolerance.
Typically about 60-75% shares and 30% bonds are a good mix for the average person in their 30's. An even heavier reliance on stocks is fine for younger folks.
If there is no or less stomach for risk then mutual funds are a good way to go. Picking individual shares is no easy task. |
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altyfc
Joined: 29 Dec 2004
Posts: 1232
Location: Aardvarkland
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| Posted: Wed Aug 08, 2007 8:44 am Post subject: |
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| Money-Helper wrote: |
| Typically about 60-75% shares and 30% bonds are a good mix for the average person in their 30's. An even heavier reliance on stocks is fine for younger folks. |
OK... that's helpful, thanks. Can I ask, is this just your view? Or a commonly held view by all financial advisors? I am trying to guage whether it's personal opinion or financial "fact".
Also, how many people in their 30s really go for shares and other investments? I would think most still have mortgages. Should someone in their thirties with a mortgage even be considering shares? Or should they really be waiting until their mortgage is paid off?
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