If you are young, you should be taking more risk!!
____________________
Asset allocation: how you bucket up your investment portfolio.
____________________
When you’re YOUNGER, you have time to be riskier with your investments, so typically that means more stocks, less cash. When you’re OLDER, you’re facing retirement soon, so you have to be much less risky with your money. That means more cash and bonds, less stock.
____________________
This chart gives and example of representative buckets for a young person’s portfolio. Get a financial advisor to find out what’s right for you personally!!!