60/40 is Done - Now It's 70/20/5

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aristotelian
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60/40 is Done - Now It's 70/20/5

Post by aristotelian »

Anyone notice something off about this recommendation?

https://www.kitco.com/news/2021-07-20/T ... mTree.html
Tdubs
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Re: 60/40 is Done - Now It's 70/20/5

Post by Tdubs »

Ha ha!
informal guide
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Re: 60/40 is Done - Now It's 70/20/5

Post by informal guide »

Doesn't quite add up..

Also, I was not familiar with the this source, so I reviewed their web site. I would say they have a vested interest...

" Kitco is the global precious metals authority and retailer of bullion products, recognized as the leading voice in commodities information providing best-in-class news, data and insights."
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David Jay
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Re: 60/40 is Done - Now It's 70/20/5

Post by David Jay »

aristotelian wrote: Thu Jul 22, 2021 8:38 am Anyone notice something off about this recommendation?

https://www.kitco.com/news/2021-07-20/T ... mTree.html
And they wrote it again in the body of the article so it wasn’t a one-time typo.

Maybe the 5% covers the Wisdom Tree ER? :happy
It's not an engineering problem - Hersh Shefrin | To get the "risk premium", you really do have to take the risk - nisiprius
MNSooner
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Re: 60/40 is Done - Now It's 70/20/5

Post by MNSooner »

They don’t list the 5% that goes to their company 😆😆😆
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Re: 60/40 is Done - Now It's 70/20/5

Post by donaldfair71 »

MNSooner wrote: Thu Jul 22, 2021 8:48 am They don’t list the 5% that goes to their company 😆😆😆
Smart, don't know that it will hold up to regulatory scrutiny, but smart indeed. :beer
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goodenyou
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Re: 60/40 is Done - Now It's 70/20/5

Post by goodenyou »

5% is hope. There is no wisdom in Wisdom Tree.
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SafeBonds
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Re: 60/40 is Done - Now It's 70/20/5

Post by SafeBonds »

None of the user comments below the article point out the error, either. This reduces my opinion of financial media even more.
Johnathon Livingston
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Re: 60/40 is Done - Now It's 70/20/5

Post by Johnathon Livingston »

Ahh yes, the old 70/20/5. The missing 5% is ex-US—because it’s gone.
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FIREchief
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Re: 60/40 is Done - Now It's 70/20/5

Post by FIREchief »

Yikes! Perhaps 95 is the new 100? It's the inflation thing. You have to account for shrinkage. :P
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nedsaid
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Re: 60/40 is Done - Now It's 70/20/5

Post by nedsaid »

FIREchief wrote: Thu Jul 22, 2021 12:52 pm Yikes! Perhaps 95 is the new 100? It's the inflation thing. You have to account for shrinkage. :P
You guys just crack me up!
A fool and his money are good for business.
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David Jay
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Re: 60/40 is Done - Now It's 70/20/5

Post by David Jay »

nedsaid wrote: Thu Jul 22, 2021 12:59 pm
FIREchief wrote: Thu Jul 22, 2021 12:52 pm Yikes! Perhaps 95 is the new 100? It's the inflation thing. You have to account for shrinkage. :P
You guys just crack me up!
We’ll be here all week…
It's not an engineering problem - Hersh Shefrin | To get the "risk premium", you really do have to take the risk - nisiprius
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Candor
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Re: 60/40 is Done - Now It's 70/20/5

Post by Candor »

When you're good you only need 95%. Using 100% is for diffident also-rans.
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Re: 60/40 is Done - Now It's 70/20/5

Post by mr_brightside »

child support ? alimony ?

casinos / scratch-offs?

crypto?

fast food / starbucks fund ?

i gotta know :D

---------------------------------
GibsonL6s
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Re: 60/40 is Done - Now It's 70/20/5

Post by GibsonL6s »

I don't think advanced mathematical knowledge is of any use in the investment process. W Buffett :D
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Re: 60/40 is Done - Now It's 70/20/5

Post by Dregob »

aristotelian wrote: Thu Jul 22, 2021 8:38 am Anyone notice something off about this recommendation?

https://www.kitco.com/news/2021-07-20/T ... mTree.html
My strategy is 70/30/10! 110% > 100%
DanFFA
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Re: 60/40 is Done - Now It's 70/20/5

Post by DanFFA »

Maybe the other 5% is high yield savings. Typically savings aren't considered part of the Investment Policy Statement :wink:
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ram
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Re: 60/40 is Done - Now It's 70/20/5

Post by ram »

The last 5% is reserved for the advisor. :happy
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Re: 60/40 is Done - Now It's 70/20/5

Post by tomsense76 »

informal guide wrote: Thu Jul 22, 2021 8:46 am Doesn't quite add up..
Punny :D
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nedsaid
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Re: 60/40 is Done - Now It's 70/20/5

Post by nedsaid »

David Jay wrote: Thu Jul 22, 2021 1:50 pm
nedsaid wrote: Thu Jul 22, 2021 12:59 pm
FIREchief wrote: Thu Jul 22, 2021 12:52 pm Yikes! Perhaps 95 is the new 100? It's the inflation thing. You have to account for shrinkage. :P
You guys just crack me up!
We’ll be here all week…
Well, we know that 70/20/5 don't add up to 100, could be shrinkage from inflation, might be management fees, or the authors of the article don't grasp basic math. Bogle said that a 65% stock/35% bond portfolio was good for most investors and I will go with that. At least 65 + 35 = 100.
A fool and his money are good for business.
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anon_investor
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Re: 60/40 is Done - Now It's 70/20/5

Post by anon_investor »

nedsaid wrote: Thu Jul 22, 2021 6:37 pm
David Jay wrote: Thu Jul 22, 2021 1:50 pm
nedsaid wrote: Thu Jul 22, 2021 12:59 pm
FIREchief wrote: Thu Jul 22, 2021 12:52 pm Yikes! Perhaps 95 is the new 100? It's the inflation thing. You have to account for shrinkage. :P
You guys just crack me up!
We’ll be here all week…
Well, we know that 70/20/5 don't add up to 100, could be shrinkage from inflation, might be management fees, or the authors of the article don't grasp basic math. Bogle said that a 65% stock/35% bond portfolio was good for most investors and I will go with that. At least 65 + 35 = 100.
Take investing advice from someone who can't do kindergarten level math? Sounds like a winning strategy.
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pezblanco
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Re: 60/40 is Done - Now It's 70/20/5

Post by pezblanco »

The other 5% is crypto but they're not allowed to talk about it either! :D
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Re: 60/40 is Done - Now It's 70/20/5

Post by Wannaretireearly »

ram wrote: Thu Jul 22, 2021 6:31 pm The last 5% is reserved for the advisor. :happy
Lmao u beat me to it
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Re: 60/40 is Done - Now It's 70/20/5

Post by Silk McCue »

I just emailed the author. It will be interesting to see how long it takes for the them to fix it.

Cheers
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IlikeJackB
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Re: 60/40 is Done - Now It's 70/20/5

Post by IlikeJackB »

Well, there are three kinds of people in the world: those who can do math and those who can't. :oops:
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nedsaid
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Re: 60/40 is Done - Now It's 70/20/5

Post by nedsaid »

Okay, I fixed it: 70/20/15. :wink:
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Re: 60/40 is Done - Now It's 70/20/5

Post by chazas »

Silk McCue wrote: Thu Jul 22, 2021 7:38 pm I just emailed the author. It will be interesting to see how long it takes for the them to fix it.

Cheers
Spoilsport 😂
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Re: 60/40 is Done - Now It's 70/20/5

Post by Stinky »

pezblanco wrote: Thu Jul 22, 2021 7:27 pm The other 5% is crypto but they're not allowed to talk about it either! :D
Or maybe the 5% is whole life insurance cash value. Another favorite of the Bogleheads!
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aristotelian
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Re: 60/40 is Done - Now It's 70/20/5

Post by aristotelian »

Silk McCue wrote: Thu Jul 22, 2021 7:38 pm I just emailed the author. It will be interesting to see how long it takes for the them to fix it.

Cheers
That was kind of you. I had the same thought but noticed the article was published on Tuesday. It's already been in the wild for two days. I was curious to see how much longer it could stay as is. Amazing with both writer and publisher something so obvious got through.
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Darth Vanguard
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Re: 60/40 is Done - Now It's 70/20/5

Post by Darth Vanguard »

aristotelian wrote: Thu Jul 22, 2021 8:38 am Anyone notice something off about this recommendation?

https://www.kitco.com/news/2021-07-20/T ... mTree.html
It gives them some flexibility.
May the Force be with you.
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FIREchief
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Re: 60/40 is Done - Now It's 70/20/5

Post by FIREchief »

Dregob wrote: Thu Jul 22, 2021 5:24 pm
aristotelian wrote: Thu Jul 22, 2021 8:38 am Anyone notice something off about this recommendation?

https://www.kitco.com/news/2021-07-20/T ... mTree.html
My strategy is 70/30/10! 110% > 100%
We have a winner!! I'll bet your amplifier goes to eleven as well?? :P
I am not a lawyer, accountant or financial advisor. Any advice or suggestions that I may provide shall be considered for entertainment purposes only.
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Portfolio7
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Re: 60/40 is Done - Now It's 70/20/5

Post by Portfolio7 »

That new portfolio seems a little underinvested... :)

If REITs are alternatives I'm already 70/20/10, but I don't believe it's a 60/40 replacement! More like an 80/20 straight up.
"An investment in knowledge pays the best interest" - Benjamin Franklin
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David Jay
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Re: 60/40 is Done - Now It's 70/20/5

Post by David Jay »

FIREchief wrote: Thu Jul 22, 2021 11:47 pm
Dregob wrote: Thu Jul 22, 2021 5:24 pm
aristotelian wrote: Thu Jul 22, 2021 8:38 am Anyone notice something off about this recommendation?

https://www.kitco.com/news/2021-07-20/T ... mTree.html
My strategy is 70/30/10! 110% > 100%
We have a winner!! I'll bet your amplifier goes to eleven as well?? :P
I’m trying to think up a witty reply but I’m all “tapped” out.
It's not an engineering problem - Hersh Shefrin | To get the "risk premium", you really do have to take the risk - nisiprius
GoldenFinch
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Re: 60/40 is Done - Now It's 70/20/5

Post by GoldenFinch »

You guys are just too punctilious.
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FIREchief
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Re: 60/40 is Done - Now It's 70/20/5

Post by FIREchief »

David Jay wrote: Sun Jul 25, 2021 7:04 pm
FIREchief wrote: Thu Jul 22, 2021 11:47 pm
Dregob wrote: Thu Jul 22, 2021 5:24 pm
aristotelian wrote: Thu Jul 22, 2021 8:38 am Anyone notice something off about this recommendation?

https://www.kitco.com/news/2021-07-20/T ... mTree.html
My strategy is 70/30/10! 110% > 100%
We have a winner!! I'll bet your amplifier goes to eleven as well?? :P
I’m trying to think up a witty reply but I’m all “tapped” out.
:P :D
I am not a lawyer, accountant or financial advisor. Any advice or suggestions that I may provide shall be considered for entertainment purposes only.
gonefishing01
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Re: 60/40 is Done - Now It's 70/20/5

Post by gonefishing01 »

5% to gold and lose another 5% in the couch. Got it. Now we’re future proof!
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Stinky
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Re: 60/40 is Done - Now It's 70/20/5

Post by Stinky »

The extra 5% goes to the Bogle Center.

That should fund an infinite supply of “Bogleheads on Investing” podcasts.
Retired life insurance company financial executive who sincerely believes that ”It’s a GREAT day to be alive!”
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ApeAttack
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Re: 60/40 is Done - Now It's 70/20/5

Post by ApeAttack »

nedsaid wrote: Thu Jul 22, 2021 12:59 pm
FIREchief wrote: Thu Jul 22, 2021 12:52 pm Yikes! Perhaps 95 is the new 100? It's the inflation thing. You have to account for shrinkage. :P
You guys just crack me up!
Whenever I see "crack me up", I think of this...
https://youtu.be/nLGzojday4o
May all your index funds gain +0.5% today.
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nedsaid
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Re: 60/40 is Done - Now It's 70/20/5

Post by nedsaid »

ApeAttack wrote: Sun Jul 25, 2021 9:01 pm
nedsaid wrote: Thu Jul 22, 2021 12:59 pm
FIREchief wrote: Thu Jul 22, 2021 12:52 pm Yikes! Perhaps 95 is the new 100? It's the inflation thing. You have to account for shrinkage. :P
You guys just crack me up!
Whenever I see "crack me up", I think of this...
https://youtu.be/nLGzojday4o
LOL!!!
A fool and his money are good for business.
GaryA505
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Re: 60/40 is Done - Now It's 70/20/5

Post by GaryA505 »

Nevermind 70/20/5, I'm going to 75/25/5! :D
Get most of it right and don't make any big mistakes. All else being equal, simpler is better. Simple is as simple does.
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aristotelian
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Re: 60/40 is Done - Now It's 70/20/5

Post by aristotelian »

chazas wrote: Thu Jul 22, 2021 8:51 pm
Silk McCue wrote: Thu Jul 22, 2021 7:38 pm I just emailed the author. It will be interesting to see how long it takes for the them to fix it.

Cheers
Spoilsport 😂
Almost a week now it's been up. Since the headline is based on a quote from a source it may take some time to correct. Will be curious what they do with the extra 5%. I'm gonna guess something involving precious metals.
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corn18
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Re: 60/40 is Done - Now It's 70/20/5

Post by corn18 »

IlikeJackB wrote: Thu Jul 22, 2021 8:41 pm Well, there are three kinds of people in the world: those who can do math and those who can't. :oops:
There are actually 10 kinds of people in this world: those who know binary and those who don't. :D
Consistently sets low goals and fails to achieve them.
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