Subject: Re: A really new strategy (maybe)
I think the percentage of assets that are equities pretty much reflects the market price of equities. How many really rebalance their portfolio.

Start with a 60/30/10 (equities/bonds/cash) portfolio and then have the price of equities double , the portfolio becomes roughly 75/19/6. So after a strong stock rally, 10 year forward returns decline.

Aussi