The total portfolio value is unlikely to fluctuate very much. If all income is reinvested the portfolio should just maintain its value in real terms. Small negative returns may be occur infrequently. Taxable income is likely to be moderately high. It will be suitable for many who are saving for retirement.
Taxable income is likely to be modest.
The equity component of this portfolio is large and will cause substantial fluctuations in portfolio value from time to time. It is suitable for those who want after tax returns well in excess of the rate of inflation and who have a high tolerance for risk. Investors should be in a position to maintain the portfolio strategy for a period in excess of 5 years. Portfolio values will have very high fluctuations. Expected income is low.