Here's mine: << snip >>
I like this portfolio. Well done.
Have you read Bernstein's stuff?
Only thing I might consider tweaking is the bond allocation. Maybe corporate or international bonds for a little more yield and diversification?
Thanks. Yes, I have read Bernstein -- he's probably my favorite author on this topic and the
The Four Pillars of Investing is my favorite investing book and was very influential on me. I also liked
The Investor's Manifesto although I think most of it was a restatement of the Four Pillars. I still haven't read
The Intelligent Asset Allocator; I keep hearing about how technical it is so I've shied away from it, but maybe I should pick it up.
As for bonds, I have pondered adding high-yield corporate and international as you suggest. In fact, in the lead up to switching around my portfolio, I toyed with both of those and struggled
not to add them.
The reason I held back was because for international bonds, even with Vanguard's new fund, there seems to be a lot of contention about holding international bonds when I read the debates on Bogleheads.
And as for corporates, I think it makes sense, but if I were to hold them, then in order to keep the overall portfolio risk the same, I'd need to simultaneously shift my overall AA a bit more conservative since corporate bonds are almost stock-like (see how they acted during the 2008 crash). So I felt like I wouldn't have a lot to gain by doing so, as I'd just be shifting some risk/reward around. A lot of people say, "Take your risk on the equity side". I'm not sure if that's the best advice, but that's what I decided to do. Rather than stretch for yield in my fixed income allocation, instead I went for riskier asset classes in stocks and kept my fixed income allocation more safe (hence the large G Fund allocation).
Finally, from a decision-making standpoint, it was hard enough to go from a 3-fund portfolio like WillPen (love this portfolio btw) to what I have now.
50% Total Stock Market Index
25% International Market Index
25% Total Bond Market Index.
I felt like I could mentally handle only so much complexity at once, and struggling over the fixed income side of the equation caused me to drown in paralysis analysis, so I just kept it simple on the fixed income side of the portfolio.