Ankur Patel

“The S&P trades around 20 times forward earnings while developed international and emerging markets sit closer to 10-15x. You're paying a lot less for each dollar of earnings overseas.”

Ankur Patel · said date not stated · reported 2026-08-22

Ankur Patel compared the forward earnings valuations of the S&P 500 with international markets.

“Think about it less in terms of age and more in terms of when you actually need the money. Money you won't touch for 10-plus years can be more aggressively allocated. Money you need in the next few years shouldn't depend on what Nvidia reports next quarter. Buffett's 90/10 rule is fine if you have a few decades and the tolerance for it, but not if you need a down payment on a house in, say, a few years,”

Ankur Patel · said date not stated · reported 2026-08-22

Ankur Patel explained how time horizon should dictate an investor's asset allocation.

“Here's one way to think about it: if the S&P 500 fell 20% tomorrow, would it change your plans? If the answer is yes, you're overexposed.”

Ankur Patel · said date not stated · reported 2026-08-22

Ankur Patel offered a simple test for investors to determine whether they are overexposed to the S&P 500.