using high yield in a port.

[fire5soon]

Hello, all!

I had a thought I wanted to run by you all for a portfolio with a relatively low equity allocation, but still might grow over the long term.* Has anyone ever toyed with the idea of using HY bonds in place of a large amount of equity?

For example instead of having a 50stk/50debt ratio, using a 35stk/30HY/35debt mix?* Does it sound insane to have 30% HY?* Would 15-20% be more reasonable?

I've read Swedroe & Bernstein and realize the risk should be taken with the equity portion & use short bonds for the rest... but I'm not comfortable with a large equity slice even though I'm a few decades from RE.* This HY strategy isn't something I'm serious about implementing at this point, but the thought of it doesn't seem all that bad.

Any thoughts?

-Jay