So with equities I've never had any psychological problems buying when the market is plummeting, and it was easy to determine the best mix of domestic/foreign/small cap/large cap (etc.)
Fixed assets I can never quite make up my mind on. 100-age? 60/40? Cash? Bonds? CDs/Money Market? Can I call prefs fixed income for my purposes? I feel like bond ETF's are less than ideal (less certainty on recovering the principal, although I suppose income distributions make up for that?) terms vs. interest rate risk, and ideal asset allocation of the bonds (tips, strips, corporate, govt, muni?)
Would appreciate any insight, personal stories, or recommended reading. Thank you!
To note: all fixed income will be in a taxable account since I don't have a 401k through work and I use my ROTH IRA for high-yield cap gains securities. I'm 28, no debt, no dependents and very mobile (renter, minimalist, three passports, not a location-dependent career) so I need less security than the average person.