larry, I agree with you in principle just that when you start preaching this on the pulpit is when it's least appropriate !!! What if we have a 5-10 year old bear market. I am 45, and 60% in cash. I may get upto 95% soon. So why not invest 100% 5-10 year from now and earn trasury, junk, corprate bond rate with real estate for the next 10 years ??? Yes hind sight is 20/20 !!!