45%
My first instinct is to tap my own shoulder while I remember all the good timing plays I have done...
When I´m really looking closely and look back one year and pretend that I had not touch my portfolio since, I would have done around 60%.
This just goes to show that it´s so easy to trick one self that you are doing a great job being very active in your portfolio. My portfolios "risk" may have been smaller with this 45% than 60% but that is too hard to have any real conclusion about.