[gull]

[ QUOTE ]
[ QUOTE ]
100% equities is fine.

I think your portfolio is risky, but that's ok. Higher expected returns will compensate that risk.

[/ QUOTE ]

1) I somewhat disagree. 95% of investors cannot tolerate the swings of such a portfolio, perhaps Curtains is the exception. Will you be happy if the market takes another 47% tumble? I'd wager he won't be.

2) This is a very, very flawed assumption, ftr.

[/ QUOTE ]

I'm not convinced it's flawed. It might be though. The case may be today that investors are actually paying to take risk. However, I'm not convinced of this, so I think it's most prudent to act on history. You're right - this conclusion may be flawed.