What percentage of my portfolio should be speculative growth stocks if I am 45 years of age?

As a 45-year-old investor, your portfolio allocation to speculative growth stocks can depend on various factors, including your risk tolerance, investment goals, and financial situation. Here are some considerations to help you decide: 1. **Risk Tolerance**: If you have a higher risk tolerance and are comfortable with the potential for significant losses as well as gains, a higher percentage of your portfolio could be allocated to speculative growth stocks. 2. **Investment Goals**: If your investment goals include capital appreciation and you are willing to take on the risk for the potential of high returns, a greater percentage of speculative stocks might be suitable. 3. **Financial Situation**: Assess your financial stability. If you have a stable income and a solid financial foundation, you might be able to afford to take on more speculative investments. 4. **Diversification**: It's important to maintain a balanced portfolio that includes a mix of speculative growth stocks, stable value investments, and potentially other asset classes like real estate or commodities, depending on your risk profile and investment horizon. Given these points, a general guideline for speculative investments is 5-10% to 15% of a portfolio for aggressive investors, and 2-5% for more conservative investors. Since you are 45 years old, you might be in the later stages of your working years, which could allow for a slightly higher allocation to speculative stocks if your risk tolerance and financial situation permit. However, it's crucial to remember that speculative investments are high-risk and should be carefully considered. It's always a good idea to consult with a financial advisor to determine the most appropriate allocation for your specific circumstances.