Subject: Re: Beating the market
I am 33% bonds and cash. It was just a coincidence that it was such a clean number. I aim for between 30% and 40% fixed income. My fixed income are mainly close end bond funds, and preferred stocks, so I earn 7% or so a year from them.

I don't think being 100% in stocks is wise. 1929 did happen and it could happen again. We live in a very fast changing world now, so I think the likelyhood of that happening is greater than before.

A bad piece of malware could cause that to happen. Never mind a cyber attack on our electric grid which could not be fixed rapidly.