Thanks for the reply 1nv35t - you said using the Talmud we would divide my £1.3m Total assets into £430K (house), £430 (stocks) and £430 (cash/Bonds/Gold)1nv35t wrote: With £1.3m Talmud advocated third each in land (home), commerce (stocks) and reserves ... and up to 430K 'cash' is acceptable. You forego potential higher rewards but reduce the risk of over-concentration into any one asset. .
However, if I added the capital value of my DB pension (20x £18Kpa= £360K) into the calculation then each asset would be a third each of the new total amount of assets £1,660K.
This divides into £550 (Property) + £550 (stocks) and £550 (reserves) = £550 minus the £360 DB pension value = £190 left to allocate in Cash , Gold or Bonds.
What do you think?
Tim