I think you agreed with this, JWR, in prior posts where you recognized that a dividend strategy is different and a 100% allocation to equities even now might be just ducky.  Yes?

Definitely so. I believe that dividend and income stragegies are best. Valuation Informed Indexing comes close. Fixed allocations fall far behind.

In terms of Bill's decision to stick with a fixed allocation, his choice of 30% is a good choice.

P/E10 does not go away entirely, even with dividend strategies. It helps you assess the likelihood of more favorable stock prices (and better dividend yields). It may lead you to preferred stock or corporate bonds for a few years, while hoping for better stock opportunities.

Have fun.

John Walter Russell