What level of risk
fits you?
The calculation is based on age (more time for the portfolio = more stocks) and the ratio of savings to income (higher savings = ability to take more risk). This is a starting direction — a real portfolio requires personal tailoring.
About this quiz
Risk tolerance is two things at once. Behavioural risk tolerance is how you actually react when your portfolio drops 20% — the question only your gut knows the answer to. Financial risk capacity is how much loss you can absorb without changing your life — driven by time horizon, income stability, and net worth outside the portfolio. The two diverge often: a 28-year-old with a stable job has enormous capacity but low tolerance; a 60-year-old with a paid-off house and pension might have the opposite mix.
This Risk Check uses age, income and existing savings as proxies for capacity (the dimensions you can measure objectively). The allocation it produces is anchored to standard portfolio theory: more time-to-need favours equities; less time favours bonds and cash. The bands are drawn from research aligned with the Grable-Lytton Financial Risk Tolerance Scale and standard target-date glide paths used by Israeli pension providers and global retirement funds.
The output is a starting allocation, not a precise prescription. Inside "equities" the choice between domestic, US and emerging markets matters; inside "bonds" the choice between government and corporate, fixed-rate and CPI-linked, has real effects. Use the quiz to anchor the high-level mix, then layer detail.
How it's structured
Three sliders. Age maps to time horizon — younger means longer runway, higher equity tolerance. Income maps to ability to keep contributing through downturns (and to recover from job loss). Savings maps to the cushion that allows you to hold through volatility without selling. The output is a pie chart of stocks / bonds / cash. Allocations follow the "100 minus age" equity heuristic, adjusted up for high savings and high income, down for low.
How to read your result
Conservative (≤40% equities). Short time horizon, low capacity, or both. Bonds and cash dominate. Suitable for retirees drawing down, or anyone within 3-5 years of a major purchase like a down payment.
Balanced (50/50 to 60/40 equities/bonds). Medium time horizon, moderate capacity. The classic "balanced" pension or fund-of-funds default. Suitable for ages 45-58 with stable employment.
Aggressive (70-90% equities). Long time horizon, high capacity. Designed to maximize expected return; volatility is the cost. Suitable for ages 25-45 with stable income and an emergency fund already in place.
Very Aggressive (90%+ equities). 20+ year horizon, high capacity, and confirmed behavioural tolerance for sharp drops. Common allocation for early-career savers in mandatory pension "general track" (Maslul Klali).
What to do next
Compare the allocation to your existing pension or brokerage holdings — most Israelis are unintentionally over-conservative because the default pension track (Maslul Klali) often skews bondward at older ages. Then run the numbers through the compound interest calculator. For Israeli-specific investment vehicles see the investments guide.
FAQ
Is "100 minus age" really a rule?
It is a heuristic, not a law. Modern variations use 110 or 120 minus age because life expectancy has risen. The point is direction — equity share declines as horizon shortens.
Should I include my house in "savings"?
No. Real estate is illiquid and concentrated. The savings slider here is liquid financial assets — deposits, brokerage holdings, provident funds.
Behavioural vs financial tolerance — which wins?
Whichever is lower. An aggressive allocation that you sell in a panic at the bottom is worse than a conservative one you hold. Honesty about your own behaviour beats theoretical capacity.
What about CPI-linked vs nominal bonds in Israel?
Inside the "bonds" slice, Israeli portfolios typically split 30-60% to CPI-linked government bonds (Hatzmadot) and the remainder to nominal fixed-rate (Shaharim). The mix depends on inflation expectations.
Does this apply to my mandatory pension?
Yes, indirectly — Israeli pension funds offer maslulim (tracks) ranging from low to high risk. The allocation here suggests which track to choose.
How often should I rebalance?
Annual is usually sufficient. Monthly is over-trading. Tax-advantaged accounts (pension, gemel) often auto-rebalance to track allocation.
Methodology
Framework draws on the Grable-Lytton Financial Risk Tolerance Scale (1999) and Vanguard / Israeli pension target-date glide paths. "100 minus age" equity heuristic adapted for longevity per FINRA guidance. Updated for 2026 by the Yesh Cash Editor.