Since there is a fair number of Canadians here (including myself), I thought it would be beneficial to start a discussion about Canadian Couch Potato strategy. Since Canadian options are not very liquid compared to US, I don't trade them and place a chunk of my long term investments into Canadian Couch Potato.
Here is the link:
http://canadiancouchpotato.com/
And here are the model portfolios they recommend:
http://canadiancouchpotato.com/model-portfolios-2/
Here are the long term returns of different allocations for Vanguard ETFs:
What I find pretty amazing is the fact that if you look at 20 year annual return, there is only 0.3% difference between the most conservative allocation (30% stocks, 70% bonds) and the most aggressive (90% stocks, 10% bonds). But the difference in drawdowns in huge.