A different perspective
I think not only your income but your stage in life and your net worth plus other obligations ( mortgage? Children? Aging relatives who may need help?) determine the answer . Plus some things are much more speculative than others and hence more volatile. So it’s not something you can put a “one number fits all” answer to….. for example, if you’re 90 years old , single, with all kids secure financially….and have 2 million in the bank…. buy away!!!
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