I agree with this position - I am not running a pure value-oriented portfolio. It is very nearly a 50/50 blend between value/growth at the moment. Only ~25% of my portfolio represents investments explicitly for purposes of driving dividend income (REITs). I say 2.9% as a "safe" figure in context of investments that are more-or-less idle without all the stress (i.e. holding a bunch of TSLA is not always fun). In reality, my total portfolio is more than doubled YTD, but I wouldn't publish that as a typical figure.