DwmAssetAllocation, you're right, although I talk about things like diversification and capital preservation, it's all relative. I'm essentially 90% equity (~75% of which are U.S. large caps). To some this represents neither diversification nor conservative asset allocation; however, as a young man with decades (God willing) left in the markets, I'm investing as such. It doesn't make any sense, IMO, for someone like me to hold bonds. The risk simply isn't worth the reward relative to equities with rates so low. I'd love to have exposure to some fixed income, but only if rates were 7% or above. I don't see that happening anytime soon with U.S. gov't paper. And while I own 90% equities, they're spread out amongst ~75 or so different holdings, across every major sector (and many industries/sub-industries within), except for energy and utilities (which I'm bearish on at the moment and only have exposure to via BIP). And within these 75 holdings, only a handful do I consider to be overly speculative (~15% of my portfolio is dedicated towards high growth tech such as AMZN, NVDA, BABA, TCEHY, etc). So yes, I have a lot of equity exposure but the vast majority of my holdings pay a dividend and have strong dividend growth histories/forward looking prospects, and it's this passive income stream that I've based my financial freedom upon. This is another thing that I like about DGI companies; sure, many pay a similiar amount of yield as the U.S. 10 year ATM; however, the bonds don't give annual income increases. Ever since I began managing my portfolio 6 years or so ago, I've produced double digit gains with regard to my income stream (organically); this means that I'm getting income that is similiar to bonds, but growing it at rates ~5x the FED's target inflation rate. This is how I plan on becoming wealthy (with time).