Okay, most of my retirement accounts are in a 90/10 stock/bond allocation.
I used to have $120K in cash, and I recently moved 80K of it out to a 70/30 stock bond allocation. The cash was all for a house down payment. But after many years of house hunting (5, maybe?) and changing needs/wants, we still rent. Not sure when we will buy, although we do want to at some point.
I still have 40K left in cash, though so I guess that means my asset allocation outside of my 401K is even more conservative than what the 70/30 allocation. 56K stocks, 24K bonds, 40K cash = 47% stocks, 20% bonds, 33% cash.
I'm about to dump another 40K in. Not the aforementioned cash, but $ from a taxable account that I set up years ago. (For which the allocation was a random variety of growth, growth & income, equity-income, and balanced American Funds.) If I invest to meet the 70/30 mix that I did with the recent 80K investment, then my total taxable allocation, including the reserved cash, would be 53% stocks, 23% bonds, 24% cash.
Is this too conservative? Too aggressive? I'm having a tough time deciding, because of the $160K total invested, I might need some of it for a down payment at some point. But not all of it, probably. I like to think of most of it as more of my nest egg, the part that just couldn't fit in the tax-advantaged "retirement" accounts.)
And should I look at my allocation from the perspective of my total assets? Like, my allocation across my retirement accounts and my taxable accounts?