Just on this indexing, 3% is correct. That is what's being used by the international actuaries to say what a diversified global market is. The problem with this is that it means that if you're a small country, you shouldn't invest in yourself. If you're a big country, you should. If you're the U.S., oh, yes, you should put all your money there, and in fact all the world should be putting their money into the U.S.; nobody should be putting any money into Canada.
It's a logic that makes absolutely no sense.