Now you can mortgage your retirement

A leveraged 401(k)? Sure, why not.

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This is the Weekend Edition of Bloomberg Opinion Today, a roundup of the most popular stories Bloomberg Opinion publishes each week based on web readership. New subscribers can sign up here; follow us on Bluesky, TikTok, Instagram, LinkedIn and Threads. Mortgage Your 401(k) — Matt Levine What percentage of her net worth should a 30-year-old professional have in the stock market? I am not going to give you investment advice, and there is a wide range of plausible answers. "Zero, put it all in Bitcoin" is I guess on the list. A popular rule of thumb would say 70% in stocks, with the other 30% in bonds and cash. There is, however, a good theoretical case that the right answer is really 200%, or 500%: Most of a young professional's economic wealth is the present value of her future employment income, and borrowing money to buy more stocks is a good way to diversify away from that one risky asset. Also many 30-year-old professionals buy houses for considerably more than 200% of their net worth, and putting 200% of their net worth into the stock market could again be useful diversification. But it is not easy to put 200% of your net worth into the stock market, because where will you get the money? A mortgage on a house is a pretty standard product in the US, but a mortgage on a retirement account is not. Someone is trying to change that. Read the whole thing for free. Where Is Melania Trump? Right Where She Wants to Be — Nia-Malika Henderson Now America's Relationship With Israel Is Really in Trouble — Andreas Kluth Tesla's Trillion-Dollar Market Value Is Fueled by Amnesia — Liam Denning Supreme Court Understands the Assignment on Birthright Citizenship — Noah Feldman US Retailers Are Facing Post-Tariff Spending Disorder — Andrea Felsted Where Are Shell's Animal Spirits for a BP Deal? — Chris Hughes Nissan Is Dying and Taking Globalization With It — David Fickling Is It Too Late to Save the US Economy? — Matthew Winkler How the US Gave India and Pakistan an Excuse to Stand Down — Mihir Sharma More From Bloomberg Opinion The federal government is treating those who default on their student loans more harshly than those who cheat on their taxes, says Kathryn Edwards. Any potential safety issues with its robotaxi could turn Tesla into the next Boeing, warns Gautam Mukunda. A key ingredient is making your ice cream more expensive: coconut oil. And believe it or not, fuel demand is playing a role, says Javier Blas. Want to test your knowledge of the week? Try out Bloomberg News' Pointed quiz, a first-of-its-kind trivia game that allows you to place bets on your own smarts.

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