That’s right, my accounts are. Even with the Covid crisis, the world in lockdown, and all the scary things going on, my allocation is unchanged. I "lost" about $40k, but did not sell out or change my allocation, and my portfolio already bounced back shockingly fast - and then some. I don't understand, because the pandemic is still going on and we still have people waiting in food lines, but there it is.
The Covid crisis taught us that no one is truly immune. Make sure you are saving a good amount of money to keep your family financially secure.
I always recommend at minimum that you save 15% of your salary to put into retirement accounts, although it potentially means 40 years of work. (If you start at age 25, you can retire at age 65. Fair enough.) There’s not a one-size-fits-all answer for an overall savings rate, so let’s talk about what works for your situation.
Frugal means sparing or economical with regard to money or food. Reckless means without thinking or caring about the consequences of an action. How can you be frugally reckless? It seems impossible. A perfect oxymoron.