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Originally Posted by unfrgvn
You are 98% equities, and 89% of that is in the US market. Some people say you should have at least 10 - 20 percent in the bond market, but if you choose not to do that I won't argue. Just understand it could be a slightly bumpier ride without bonds. I would recommend you add some more exposure to international stock, like Vanguard Total International Stock market. Either that or add more of the target 2050 fund, as that will give you exposure to both more bonds and international stocks.
I agree with what you're saying, just don't agree about adding more to the target date fund. If you are in the total stock market index, there is no reason to be in the target retirement fund. you're buying the same securities twice.
I think he should either, 1.) dump everything in Vanguard into the target date fund, 2) sell the target date fund to purchase more total stock market, total international, and total bond market (in whatever allocation he is comfortable with).
I know that some people are disenchanted with bond funds these days (it's probably misguided just because they read somewhere the bonds have peaked) so I have friends that have been purchasing eebonds ibonds and tips direct from the treasury and using it as their fixed income portion of their portfolios.