Hey guys, my fixed asset allocation has been 80% stocks 20% bonds, but as my portfolio has grown, the bonds portion now represents almost exactly $100k of my NW. Seeing as bonds continue to be a drag on the overall portfolio, could it be a smart strategy to STOP contributions to bonds, directing all future contributions to stocks and letting the bonds stay at a fixed value of $100k? Is this a known strategy, putting one asset as a fixed value rather than overall percentage of the portfolio? I've only heard of AA as a percentage generally.
My justification being that some bonds will still there in case stocks crash and I want to rebalance some (or all!) back into stocks, OR could serve as a fixed bond tent as I glide into retirement -- pulling $20k or so per year for 5 years while leaving the stocks portion untouched, eventually resting at 100% total world stock market for simplicity. At this point it just seems like a waste of potential to keep filling that bonds portion.
Thanks for any advice, appreciate it!