Pls help Asset Allocation Question
My brother is 51 years and his wife is 46 yrs old.
He is thinking of buying a home.
He is not sure of how much of his total wealth / net worth should be in
Stocks and Real estate
Someone told him that cash and bonds aside, real estate and Stocks ( incl stock mutual funds) should be approx 50% each
Since both stocks ( incl stock mutual funds) and real estate are more volatile, he was told to split that portion of his net wealth.. 50% each.
Pls let me know if this is generally speaking, approximately correct...because I know it is difficult to be absolutely correct in these things with so many variables.
Thanks Ava