That's correct, I don't need them for income, just as a hedge against stock market volatility. I'm reminded of 2009 where people lost their jobs and needed to tap their portfolio to keep the lights on -- at a deep loss in some case. So, now that we have a mortgage, I want to plan for an eventuality like that even though I find it unlikely and almost intolerable. So it would be useful to have a meaningful portion of the portfolio in debt instead of all equity. Right now my whole portfolio (excluding emergency fund cash, like $30k in a savings acct) is $70k so it's not like 20% of that would somehow magically sustain me through a rough patch. But in a few years, at our current heading, that $70k should triple, and onward from there. And I guess my POV is that in 2017, looking at a $250k portfolio, I want a meaningful chunk of that in something other than US equities.
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