I am also a friend of the 70/30 method. It's ideal for people who don't want to deal with it all the time. But I also use gold. So shares 60%, bonds 25% and 15% gold. Three stocks are enough: $VWRL, $VECP and $4GLD
I use the distributing variants, the dividends can then be used for rebalancing
@alschaeub The strategy yields around 10% per year. You can easily test this here with a backtest in a new portfolio. The dips are significantly reduced, which is what you want to achieve. The reduced risk comes at the price of lower returns.
If the 60/25/15 ratio has changed significantly, you should rebalance in order to restore the ratio. This should be done once a year and, if possible, through additional purchases using the dividend
@Bein-Godik why corporate bonds? to diversity would be better go with government bond. to drop one more transaction one could buy vanguard lifestrategy and gold