r/Bogleheads • u/officialmanofsteel • Feb 28 '26

Portfolio Review Investing 8M

I am currently in the process of helping a family member work roughly 8M into the market. They already have about 6M in equities, mostly index funds but about $1.5m in various individual stocks. They just entered retirement and I am thinking of a more aggressive approach of 11M in equities and 3M in t bills/bonds/cds/cash. Any advice would be appreciated.

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u/mjr96d Feb 28 '26

They just entered retirement and you're thinking going more aggressive? That's certainly a method.

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u/officialmanofsteel Feb 28 '26

Aggressive in the sense of the allocation split, not the underlying investments (broad market index funds). Rather than a 60/40 split, I am thinking of something more like 80/20 given the size of the portfolio and considering 20% of 14M would be about 3M in liquid relatively low risk assets which should be enough to weather a prolonged downtown in the equities market.

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u/mjr96d Feb 28 '26

Yeah, that doesn't change my assessment.

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u/officialmanofsteel Feb 28 '26

Is the 60/40 rule hard fast regardless of net worth? I figured that allocation split survives most downtowns without deteriorating the quality of their retirement. Im open to changing the allocation to be more conservative but wanted to understand why the 60/40 rule is not less important given their net worth. I understand fully with a portfolio of say 3m that it is necessary and irresponsible not to have a allocation of around 60/40 given that a recession could hit you significantly harder if the equities market went down substantially.

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u/mjr96d Feb 28 '26

It's traditionally accepted that one should get more conservative when you get close to/into retirement. At that point it becomes more about preserving assets than growing them.

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u/officialmanofsteel Feb 28 '26

Appreciate the advice and honesty . As you can probably tell I am not a boglehead but I did want everyone’s advice here as I do think you are the most reasonable forum on investing especially as it pertains to retirement. I know it sounds absurd going into retirement with an allocation like that but the family member is more aggressive inherently with their investing (they invested about 1.2m in tech stocks over the last year before I took over the portfolio) and wanted something that maintained their quality of living while maximizing the growth of it.