I totally agree with pretty much every point you make. I also invest in US majority index funds so certainly agree they are the best bet. I do however think se

I totally agree with pretty much every point you make. I also invest in US majority index funds so certainly agree they are the best bet. I do however think security and certainty are different in that one is 99% and one is 100%. I'd say it depends on your personality and risk tolerance but when talking about life destroying events I'd say 1% is quite significant. For example a 1% chance of a car crash per journey would be unacceptably high. Thank you for taking the time to write such a detailed reply by the way, I'm thinking around this topic a lot at the moment so debating the details is very valuable to help reach a view I'm content with.