Any thoughts on the bogle head 3-fund portfolio? Can it be seen as a 'growth' portfolio or a mix of growth + income portfolio?

This portfolio is to achieve these:

• match market returns: of 8-10% on average

• lowest possible fees: 0.1% to about 0.5%, compared to mutual fund which is at least 1%

• no need to manage investment: fund self cleanse by removing stocks which no longer fit to be in a fund and replace with another better stock

The local + international index will make it more growth portfolio.

The bond index will make it more income portfolio.

Personally I modified the fund to be as such:

• local fund: Removed. STI ETF is very bad as banks as telcos has a very large percentage in it. Hence it is not as diversified as S&P. Furthermore, I am not convinced Singapore's index will outperform US index.

• International index: I use IWDA + EIMI. Both reinvests dividends so i do not have to manage the dividends. The 2 of them covers developed (IWDA) n emerging (EIMI) markets. So I have the broadest diversification possible

• Bond: Removed. Our CPF acts as a bond already. Also, I have long time horizon to invest, hence i would sacrifice stability of a bond which gives 3-4% to get a higher return of 8-10% from international index funds

I'm treating CPF as the bond fund, syfe REIT+ as local fund and dump the rest of the money into cspx via ibkr.