After a slow start that allowed the "gloomers & doomers" (as Moe Ansari loves to call them) to start crowing that a major market retreat was near, the Dow set new all-time highs earlier this quarter. Right now, the market has given up those earnings, but it is at 16,575, which is almost exactly where it started the year. I cannot say that it is showing no signs of slowing down, because the honest truth is that there were no signs that it would increase this year so far, or not decline. Either is possible, especially in the short run, and a 10% market correct may be the most feasible.
Regardless, my stock-heavy retirement account is doing fine and, most surprisingly, I moved money from my stock index fund, my active stock fund, my international index fund, AND my bond index fund. The sum taken from all those funds was almost exactly 1% of the account, and most of the funds to be rebalanced (>80%) came from the Vanguard Total Stock Market Index Fund and Vanguard PRIMECAP Fund. My only fund under-performing its peers over the past three months was my most aggressive active stock fund, which was initially unexpected, but if small- and mid-cap stocks slow down first, then the large-cap funds may just be recognizing the residual benefits from last year's massive increases, and a correction is ahead.
In other news, maintaining this blog has been getting slightly more complex as my employer has started to monitor what I post (hence, the new disclaimer on the main page, which I had always wanted but I never had an incentive to find out how to add it). Their oversight should not affect the content (as stated in the disclaimer, every moves that I discuss is tailored exclusively to my personal goals and risk tolerance) but it may skew the frequency with which entries are posted. With a ridiculously low readership, however, I do not anticipate it becoming an inconvenience for anyone.
Move $1144 to Explorer.
Move $25 from Hi-Yield.
Move $545 from Stock Index.
Move $340 from PRIMECAP.
Move $103 from Bond Index.
Move $131 from Int'l Index.
