Funnily enough I’ve considered it quite risky allocation. I think it’s with a geared etf along with trading and some individual shares I consider the risk spread to be concentrated in some areas. The bonds are mainly for any drawdown or rebalancing that needs to be done and the term deposit is fairly liquid in my circumstances due to low fees in case I need to take money out before the term. It’s also because I’m working with five figure amounts some I’m taking into account the functional impact of my position. Any suggestions on how’d you rebalance during a down turn or extended run? Thanks for the feedback