Unit 4 · Level 4 · Staying the course
When life changes the plan
Markets crashing is never a reason to change your plan; your LIFE changing is the only good one. Marriage, children, buying a home, a big raise, approaching the goal itself: these change your horizon, your cash needs, or your capacity for risk. The details (accounts, taxes, insurance) vary by country, so we stay generic, but the principle travels everywhere: re-plan on life events, not on market events.
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What you get asked
Which of these justifies actually changing your target allocation?
A new, nearer goal changes your horizon; that's a plan input. Crashes, predictions and rankings are market noise, and the plan already assumed they'd happen.
Match the life event to the honest, generic adjustment
Three real triggers and one impostor. Exact products and tax rules differ by country; the directions of the moves don't.
Money you'll need within about three years doesn't belong in ___ .
Unit 2's crashes can take years to heal, and a deposit due in 2029 can't wait for a 2008-style recovery. Short horizon, boring assets.
You're five years from your goal after decades of investing. What does the generic playbook suggest?
A glide path: each year closer, a little less equity risk. Not because stocks got worse, but because a bad year now would hit money you're about to need.
Newly married, two portfolios, two risk tolerances. The course-approved first step?
A plan one partner abandons in a panic is a plan that fails for both. The allocation that survives is the one you can BOTH sleep through. 🐜
The rest of this unit
Rules for storms, rituals for calm: how graduates behave for decades.