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Reply to @Investor: I concur that this aggressive allocation could end badly when next down cycle comes.
While low expense ratios are important, but it is not the ONLY consideration. From the article it is not clear how these asset allocation are constructed with respect to risk management. How does these "free" online advisor service makes their money?
Reply to @Investor: I would not have agreed with you 20-30 years ago. But Yup - markets are so much more treacherous nowadays. Big bull runs (in you name it: gold, equities, EM sectors) followed by the inevitable big busts. So in today's world, 93% even at the relatively young age of 47 is perhaps unwise.
Comments
Come next crash he will lose a big chunk and will have even less time to catch up to accumulate enough retirement funds.
While low expense ratios are important, but it is not the ONLY consideration. From the article it is not clear how these asset allocation are constructed with respect to risk management. How does these "free" online advisor service makes their money?