A Reddit user with a net worth of around $20 million, primarily in volatile cryptocurrency, questions the feasibility of retiring after his job loss. He holds $15 million in crypto, a house worth $800K, and $3 million in savings. Although he once had $50 million in crypto, its instability raises concerns about financial security in retirement. Experts suggest a conservative investment portfolio for young retirees, emphasizing prudent asset allocation before making the decision to leave a steady job.
Retiring with a lot of money in a volatile asset class can be a risky proposition.
Those who want to retire - and especially at a young age - need to have a pretty conservative investment portfolio.
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