Just be careful. My parents lost 50%+ of their retirement, within 3-4 years of retirement in 2008 because people thought being exposed to a high percentage of equities was "always safe."

I wouldn't recommend more than 50% exposure to stocks within a few years of retirement.
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if I can get LCID and AMC to meet at 30 I'm switching some positions. :-)
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FWIW I got out at the right time on ADM and BG. They might stay rangebound but they got wrecked man.
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I bought into TSP at the opening today at $38.15. I like them as a long term hold. IMO, even if they are not the company who solves automated trucking, someone will buy them out along the way to achieving that goal.
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Do you think the “rule of 120” is a safe/good strategy for diversification of your portfolio for retirement?
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I don't really think you have an option at this time. We haven't hit negative nominal interest rates like Japan & Europe but we're getting there. A normal US bond fund is already negative real yields.

He's planning to retire at 56, assuming he's healthy he can't be taking a negative drag on 50% of his portfolio. He could easily have 35 years left. Unless it's a mental/emotional crutch, I don't think I'd go above 30%? bonds. Unless you're betting on rates going down, right now most bonds are setting money/purchasing power slowly on fire.
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I'm going long on UWMC at this price point of under $7.

Long in my ROTH and won't touch for years, more than likely.
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So what happens if he stays 80% in stocks and we have a major market correction in the next 3 years?

But I do understand what you're saying given his age. He will need his money to continue to work for him over 3+ decades more than likely.
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I can answer that:

He doesn't sell his stock and take the loss. The Market ALWAYS corrects.
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I'm not familiar - what do you like about UWMC?
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I was wondering that myself.
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I was talking to a friend of mine that is pretty hot on Wells Fargo right now. He's thinking with the eviction moratorium ending on Sept 30th, that a lot of people might be wanting to refinance mortgages on renters that haven't been paying. He also thinks that the feds are going to have to raise interest rates so the banks can start making money again.

Just guessing, but that might be something that affects UWMC as well since they deal with mortgages.
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The deal is though, you invest one way for your retirement and another for your child's education. I am far more aggressive with my kid's 529 than I am my Roth IRA.
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There are lots of mortgage companies out there what makes this one stand out?
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I don't have a clue. That was just my best educated guess. Lew knows 1000 times more than me, so I'm curious what he sees too.
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