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- Nov 3, 2015
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Need to make some big decisions by end of year. Met with a few different financial advisers recently they are all trying to charge via asset management fee models.
I spoke about how I plan to do a cash balance which in 10 years would be worth at least 1.2m and I have been told its like the "bond" portion of your portfolio in terms of allocation purposes and risk. I then said I may want to just dump everything into the VTSAX total stock market/international stock market via a 75/25 split and they said it was very risky to do such then tried to show me their version of dozens of funds they would have me invest.
I am on the young side mid 30s but plan to work 10 years full time minimum then part time indefinitely but must have significant financial milestones before I would do the switch to part time and I know the decisions I make now will be paramount to the outcome of this plan.
Is my plan really that risky given the cash balance serves as a pretty safe portion of the total investments?
I spoke about how I plan to do a cash balance which in 10 years would be worth at least 1.2m and I have been told its like the "bond" portion of your portfolio in terms of allocation purposes and risk. I then said I may want to just dump everything into the VTSAX total stock market/international stock market via a 75/25 split and they said it was very risky to do such then tried to show me their version of dozens of funds they would have me invest.
I am on the young side mid 30s but plan to work 10 years full time minimum then part time indefinitely but must have significant financial milestones before I would do the switch to part time and I know the decisions I make now will be paramount to the outcome of this plan.
Is my plan really that risky given the cash balance serves as a pretty safe portion of the total investments?