I have the following doubt: how to classify an asset on personal, market or aspirational buckets. What is the rationale behind?
Concentrated stock positions are assumed to be aspirational, even if restricted stock grants are considered like that it makes me confusion?
Thanks in advance
Classify them by risk level. Personal bucket is meant for life style preservation, so risk must be low. Market bucket is meant to achieve a return from diversified portfolio which reflects a reasonable level of risk in accordance with investor risk profile. Aspirational bucket reflects not urgent goals, so risk can be high in seek of high growth.