"you'll only last about 20 years" 20 years is long enough to take on a fair amount of diversified risk, which up's your return, which let's you take on more risk etc.
Also a 60 - 40 stock/bond is actually safer than a pure bond portfolio because of inflationary risks and has a higher expected return over 10+ years. The only real trick is to avoid single investments, be they a stock or an industry.
Also a 60 - 40 stock/bond is actually safer than a pure bond portfolio because of inflationary risks and has a higher expected return over 10+ years. The only real trick is to avoid single investments, be they a stock or an industry.