Exactly, your investments should be directly related to your age for risk management. Recovery time is much easier for the under 30 group vs over 50 group.
I liked your BTC to Gold comparison too btw. Silver the next ten years I believe will outperform Gold however as the demand from electric car industry continues.
I believe recovery time is not important considering it is very difficult for people to find money twice. If I ever end up with 500k dollars today, and I spend it on something that is idiotic and lose it, there is a big chance I may never find that kind of money ever again. I am not under 30 but I am just 30, so I can say that I could be in the group that suppose to recover faster, and I can say that it is not that simple.
Specially in the current world we live in, people who have money can make more easily while people who do not have money could end up with nothing because the system is built to make poor people keep being poor whereas rich people stay rich. This is why if you ever end up with money, no matter what age you are in, just keep it safe and never let it go because that is the money that you might have to look at for the rest of your life.
Risk is fine.
But it varies person to person.
A single 25 year man has 40 to 60 years to revcover his losses.
This person could be 25k safe 75k risky I used 100 total as he has had not the time to make a lot to invest.
I am 63 I have 7 to 25 years to gain back my losses. so for me to be 300k safe and 50k risky works.
Other factors wife and kids.
My kids are dead so I do not need to save for them. I am looking to cash out down the road at 70 years old or 7 years from now.
But as I said I have 300k safe and 50k at risk.
I would hope the risk money grows to 150k-200k in 7 years. Gives me 450-500k for my older years
If all coins die I still have the 300k safe money.
BTW I do not have 300k safe and 50k at risk but my safe to risk is 6 to 1 ratio.
im sorry for your kid. but i will asking if you are 26 now are you still put 6:1 ratio for risk investment or you will give more chance to grow as much as you can for your portfolio?
because you know if i have 1000$ i will just save 100 or 200 and use the rest at the risk as a investment.
but its not like im buying some coin and hold it for long time,its more like i find info about anything than can give opportunity to me,like follow IEO/IDO/IFO, or somenew altcoin that will increase likex10,x20 or more, because holding and just watch it for long time its hard to do, i will get tempted and panic when market rise or fall more than 40%, and from correction few day ago when market drop more than 30%, i lose my 50% portfolio
.
most i am lose because use swap from dex bsc in pancakeswap,julswap,and other.
that why i am asking you, hope you can give me some advice
