lcai

Since the constraints pretty much define the ability to take risk, I think it would be helpful if we can come up with a way to define these "default" constraints.
Time horizon: What is the "average" time horizon?
Liquidity: What is the "average" liquidity need?

I remember that it is mentioned in the Schweser video that the default liquidity requirement is something like 4-6% of the portfolio size (ignoring inflation effect). I am not too clear if this only include the living expenses that needs to be generated from the portfolio, or if it also includes other things such as planned donation. If someone can clearly define what is the "average" metrics for these constraints, maybe the process will become more methodical.