You may wish to look a sequence of return risks and a building a "bond tent" (if this is for retirement): * https://www.kitces.com/blog/managing-portfolio-size

You may wish to look a sequence of return risks and a building a "bond tent" (if this is for retirement): * https://www.kitces.com/blog/managing-portfolio-size-effect-with-bond-tent-in-retirement-red-zone/ https://www.kitces.com/blog/managing-portfolio-size-effect-w...