As net worth has increased over the last few years, this tilt seems extreme even amongst factor-heads and I'm perhaps in need of an intervention!
My IPS would dictate: 50% US small-cap value / 25% ex-US small / 25% cap-weighted emerging markets with eventual slope towards 10% long-term government bonds. To date, no issues sticking with this portfolio and no reason to think that will change but it was written at a very different stage of my life.
Essentially the question is: is it totally reckless to continue as-is? Or would it be prudent to "backfill" with VTI?
If you are a Tell-Tale Chart type, please don't bother; I've been around long enough!
Age: 37; US/UK Dual Citizen
Top tax bracket in both US and UK; so dividend minimization is a priority
New worth: $3.1M
Expenses: roughly $50k (£38k) annually
New contributions: $400k-800k annually
Perhaps early retirement (say, 2-3 years) with an towards leaving a significant charitable legacy. I do not believe I will outspend the portfolio in my (or my partner's) lifetime.
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20% VIOV 24% VBR (TLH partner; no new contributions) 24% VSS 15% VWO 8% Cap-weighted global stuff (UK pension) 1% EDV/Long UK Gilts 5% Excellent Adventure (filling out all US tax-advantaged space) 3% home equity
1. Due to specific tax arrangements between US/UK, I was forced to switch entirely into HMRC reporting funds last year. That was a death knell for ex-US SCV tilt.
2. Large imbedded capital gains, so selling is not an option.