How do you set up your personal retirement portfolios? And the retirement portfolios of a friend or a relative? Active (manager or self trade) or passive (would you use something like Modern Portfolio Theory or Harry Browne's Permanent Portfolio for retirement money)? Retirement money is not gambling, right?
Don't gamble retirement money! Mine is in a 401k invested aggressively...almost no bonds. If we start pulling back more I might move it to something much less risky temporarily.