Originally Posted by Debinnov a
So the more conventional approach would be more like 20% cash, 20% equities and the rest bonds or bond funds? I apologize, I am just trying to sort all of this out.
I'm not sure how to define the conventional approach, but I can tell you FIRECalc (ie, history) says you'll hurt the chances of your portfolio lasting 30 years if you have less than 35% or so in equities.
This chart shows FIRECalc 30 year survival rates for equity allocations. 20% in equities results in survival rates of only 70% or so, while 35% or more moves that survival number to 90% or more.
Having too low an equity allocation increases risk, it doesn't decrease it.