Hi ADI – I am sure many things I do would drive accountants nuts. The main difference is how they are purchased, and when/how they pay me. So fixed interest is term deposits, and Bonds are ASX listed bonds. Currently we don’t own any unlisted bonds, and I don’t believe we own any fixed interested bonds (they are all floating rate). So for the moment that is a nice easy distinction. It may become more complicated once/if unlisted and/or fixed interest bonds enter the picture.

And its good to know that your “in it for 30 years” thoughts are winning over any GFC wounds. In 30 years time I think there would be nothing worse than looking back to see what was missed (even with future down turns) from being too conservative.

The GFC messed with my risk aversion too, but ultimately I just had to tell myself that I’m in it for the next 30 years. My equity portion is basically 100%!