When I started I was planning to follow the same strategy, but then I learned that bonds don’t make sense in current environment, so I’ll keep cash instead until the economic situation improve for the bonds allocation.
The downside I see is that you need to read the financial news and think about whether it is time to buy or sell bonds. That sounds a lot like doing unpaid work to me
I like to “set it and forget it” with the IEAG ETF. This way I will automatically have exposure when the situation for bonds improves in the future. Meanwhile it is paying enough to keep up with inflation. This feels like a low-effort and low-stress approach that keeps the money working for me.
I’m not sure, if it can be called market timing or not, but even index investing promotors, like Burton Malkiel, suggest in current environment alternatives to bonds (namely high dividend stocks).
Using high-dividend stocks as a substitute for bonds sounds pretty advanced to me. I’d have to invest a lot of time in reading the relevant Bogleheads threads before trying something like that myself. But lately I prefer to invest my money rather than my time