%% 40% bonds seems excessive. Art Cashin sometimes has some good cash trends remarks. Becky Quick is quicker+ better looking.Mr Cashin missed much of the uptrend this year; but may be right on a pullback this March, 2020?? [Source CNBC internet , after hours;not CNBC TV live] LOL................................................................................
SPY I was wrong to not mention leverage though. My point was that unless you are levered, being "all in equities" in the traditional balanced portfolio sense will take a long time make you rich, unless you already are rich, in which case it just makes you richer. Eventually, you will have to put half what you have into a hopeful 10 bagger, or a 20 bagger, to get rich. Or several compounded 5 baggers over a few years. Whatever. So when someone says "you are never going to make enough with 40% in bonds", they are right. But you are never going to make enough having 100% in unlevered SPY either. Unless you already are rich, or have a lot of time. Retiring rich at 65 is like a silver medal. The first of the losers. ps, in case you didn't notice, the secret to getting rich is already being rich, and being prepared to risk half of it to get much richer. If you lose half, who cares, you are still rich. It's the first part of this plan which is hardest.