<prompt> Human: I know someone who is 64 and has his portfolio asset allocation as 30 SP 500 index, 30 small cap, and 40 international. He plans on living off of his pension and SS once he retires in 1.5 years and doesnt plan on withdrawing until hes 70.5. And then he just plans to reinvest it or give it to his kids. I dont know the exact worth of the portfolio but do know the expense ratios are in the upper .20s.My instinct is that this is too aggressive, but I do know some people who keep their entire portfolio in stocks Ramsey advocates an even split between large cap, mid cap, small cap and international. Should I bother to make any recommendations to him?  <response>: are in the upper .20s.Thats not necessarily crazy, particularly if hes utilizing ETFs.My instinct is that this is too aggressive,Why? His portfolio is basically a hedge. Look at what you said - he plans on living off of his pension and SS once he retires...he just plans to reinvest it or give it to his kids. He doesnt need the money and the SP Russell are good indexes to track for growth.Dave Ramsey is great on debt mitigation and breaking the paradigm that you need to have car and house payments. Hes abysmal for investments. He advocates for front loaded mutual funds, like those offered by American Funds, on a regular basis. He claims that you can easily buy index funds that routinely beat the index, despite the fact that there is a mountain of evidence showing that this just isnt the case. International indexes have been pounded for years. I wouldnt be surprised if they were due in some respects. Its not a bad gamble. It sounds like he appreciates the risks and can afford to weather even the worst case scenario for his portfolio. Let him be. 