@Ole-Abeln... and without knowing the risk tolerance. 6%pa at 60% max drawdown is not for everyone. I think very few people understand what that actually means, conceptually, economically and psychologically.
@Ole-Abeln This is a highly underestimated difficulty of B&H. After 10 years of stock market boom with max 15% drawdown, it is easy to think that one will survive the next crisis. Very few people make it.
@Epi I must say to Corona with -30 to -40 percent it was relatively well bearable. However, the whole thing was also quickly over again. Looking at losses over several years is quite another matter