Historically, the traditional asset classes were equity, fixed income and money (money market/fixed deposits). In recent years, property, commodities, and even things like cryptocurrency have been added to the mix. Now, there's no right or wrong answer to how to structure your investment portfolio, a person adverse to risk might want to reduce or eliminate stocks completely, a person willing and able to take risk may skew the portfolio heavily in favour of stocks. What is important is to build a multi-asset portfolio with the flexibility to shift your allocation across the various asset classes in tandem with your evolving finances, age profile, risk appetites and lifestyle. Most young people often say that with time on their side, they start out with a portfolio that is high risk: I suggest an alternative viewpoint as such: Imagine that you have saved your first $50K after some time and you decided to purchase some shares. Now, due to lack of experience and knowledge, you end up buying something that doesn't really appreciate, or even worst, tanks 50%? How long do you need to save up another 25K to compensate for what you have lost? Hence I feel that there is a need to start cautiously when you begin your investment journey. If anything, the number one rule of investment is not to lose money, but by and large, most people suffer losses. I do advise my clients to ensure that there is sufficient diversification in their portfolio that if a bad investment decision was made, their portfolio should recover within a short amount of time. Once some experience is gained after your start, you'll be able to confidently take on more risk while minimizing your downside due to your newfound knowledge and experiences. On a personal note, I'm 40-50% in cash and 50%-60% into a diversified portfolio of UTs (regional equities, global bonds), shares, REITs and some SSB. The division between my UT, stock portfolio and SSBs is approximately 45/45/10. Adding on monthly to my UTs, I do DCA to ensure that I remain committed to growing my UT portfolio, for stocks, it is a matter of identifying opportunities when a good company becomes undervalued, which requires a lot of patience, I have a position in a local bank which I waited for more than a year to enter at a price I found acceptable. I don't intend to maintain a 1:1 ratio on UT/stocks forever, and I do see that a gradual shift to a 2:1 ratio as I age will most likely be the scenario. As we age, we will want to step down our risk, remembering that longevity is the multiplier of all risks when you are 70, you won't be able to handle your investments the way you did when you were 50. Topping that off, I have an annuity to complement CPF life when I retire, which I have not included in the figures. Hopefully, you will have gained some insight into my thought process, methods and philosophy, and incorporated the parts you found relevant into your own plans. Good luck!