harley
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Guess depends on how big your portfolio is and how much you spend. The original person I quoted was 3 years, for me that would be more like 85/15. Five years would be 80/20. Might need to revisit those ratios now based on all the fun we had. [emoji20]
Actually, the original person you quoted (me) intended the fixed income to mean cash money. My bad for conflating that with bonds. I have an allocation of bonds, but also want to keep 3 years worth of expenses in cash (CDs, MM, etc.) to be able to not have to sell either of the other two categories during a major downturn. As I said, some people consider holding cash a waste, and possibly over the long term it is. But if your overall portfolio is large enough to allow for it, it greatly increases the sleep-at-night quotient.