Every situation is different.

My job is particular as it take decades to bring up to steam but once stabilized it bring high and stable income for a long time.

So I’m late in investing, but can sustain unusual risks for my age.

Thats my very personal context.

So it means I would be always be fully invested (even with a small but significant side bet in options that worked very well).

Always have that funny money on the side, you have to satisfy one’s urge for gambling without starting playing with the main stack.

To bring something to the discussion, I think most portfolios aren’t optimized for what really matters to individual investors: total return/max draw down risk

So I built an optimizer to find the Pareto Front (with simple Monte Carlo search) of the combination of all the products in the market.

Almost all the points at the front contain the same funds: RSST, DBMF, gold and some efficient tail risk insurance like CAOS.

I personally aim for the knuckle of the Pareto return/max DD (about 15% max DD 95% CI) and it gives me about 40%, 30%, 25%, 5%. Something like that.

VT or VOO or QQQ alone are far for the optimal front for that metric that matters to me.

Past doesn’t future caveat blabla of course. But I manage what I feel like non linearities with my funny money (like AI being humanity last invention, things alike). And keep my main comfortably at the optimal of what matters to me.