By now, you’ve likely come across countless articles emphasising the importance of investing to keep up with inflation. But investing isn’t just about protecting your money from inflation — it’s also a way to grow your wealth. The question isn’t whether you should invest — that was never in doubt. The real question is how to adjust your portfolio as you move through different stages of life. Keep in mind, your investment portfolio shouldn’t stay the same over time. As you age, your financial situation and risk tolerance will change. This life progression means the portfolio you set up when you were younger might not be suitable as you enter your retirement years. So, how should you adjust your portfolio’s allocation? Are there any tried-and-true guidelines to follow?

A simple rule of thumb

Rules of thumb can be incredibly helpful when it comes to investing. They simplify the asset allocation process and make it easy to grasp....