I got this question every year since my 30’s. Now I think I spend too much time tracking it.

Q: what is your percentage asset allocation (based on book value)?

• Unless it’s is “1”, one significant figure is sufficient for most purposes and fairly stable.
• I think three significant figures are unwanted and often a distraction.
• — Here’s my family’s allocation profile, excluding CPF balances which I don’t track
• 80% in properties
• 15%+ in SGD (and USD) cash-equivalents including short-duration bonds
• 2% in HY/PE
• 5% eq: SGX + Robinhood + SG/US mufu + 401k (includes some amount of bonds), including SRS

Q: Is the eq portion too low by conventional standard?
A: I don’t care so much about conventional standard. I did experiment with higher eq allocation, using FSM as a laboratory…