[smarri]

"have most where I think I'll be living/retiring so most likely to have results correlate reasonably with the economic environment that I'm in"

This is interesting - why do you take this approach? (If you don't mind sharing)

[DamonHD]

For the reason given: I suspect that if my assets' values were severely dislocated from my local economic environment I'd either be very unhappy and poor, or likely unable to access or use any huge excess (eg might be taxed near to death).

I'm hedged in so far as ~50% is geographically in my area, and the rest well spread.

I also have some spread over asset classes (eg stocks vs bonds).