👍 My funds are very limited and parked in places I don't really want to pull away from, but I personally support this philosophy even though I can't directly apply it. If only I knew about this in my 20s rather than now well into middle age!

I'm curious about cheap brokers too, and what's the preferred broker for y'all who do invest in Bogle suggested portfolio

🤣🤣🙏 this one some galaxy brain thinking Haha but still useful to know! thank you!

Mathematically and historically, obviously the younger you are it's more ideal to have more equities for maximum possibility of growth over the very long term.

Emotionally however, not everyone can handle the volatility of a high equities portfolio, as evidenced in the number of people who get sad at single digit dips in some platforms. Some people even more than -5% dip start to panic le and sell to realise loss.

So need to adjust your strategy to your risk appetite.

If Malaysian and willing to invest in MYR + don't care about "government ponzi scheme", EPF and (if you're bumiputera) ASB are damn good substitutes for bond allocation by nature of being "stable", "no loss" schemes.

One thing I would say about EPF, it's technically supposed a pension fund and thus strictly governed by many laws, so unless there's a spectacular failure in the checks and balances of the law and our parliament, the crooks of government cannot steal it willy-nilly, thankfully.

(if that does happen i think we all have bigger problems than just the loss of retirement money)

EPF's main problem on delivering dividends comes down to its massive funds. The more money there is the more money is needed to deliver the same % of dividends. 5% of 1 million is way smaller in numbers than 5% of 10 billion. Just tracking stuff on Bursa any disposal by EPF can easily push prices of the disposed stocks down because of the sheer volume. EPF's greatest enemy on delivering dividends ironically is itself 🤣

Starting my buy-and-hold VWRA-only portfolio 😂

Maybe buy some QQQ for flavour.

Even married people these days keep finances separate, and it's not like it's THAT complicated if they decide to change nomination/will arrangements.

The above makes sense from a single person perspective who don't trust family taking advantage of their wealth, might be complicated but that's their choice.