Ok, last year I read about Canadian Couch Potato and decided to learn more about it and I decided to invest 60% in VXC, 30% in VCN and 10% in VAB. Now I can live with just 10% being invested in bonds since I am only 32 and to be honnest, I have no clue when I will stop working, but it's fine with me, I can live with the risk. Many websites say the bonds % should be equal to my age (or in some case equal to my age-10 or 20 depending where you read)....however, as I was reading MMM blogs, he mentions that he never invests in bonds, I just can't find the reason why he doesn't. Can someone explain why when I reach 60 (for example), I should still keep my bonds % low?? What about when you hit 70 or 80, is there a reason for me to still stick with just stocks?
Thank you in advance for your replies.