This weekend is 5/10, which is when I make the changes in my portfolio allocations. Unfortunately, I have learned that I made a mis-step in allocating money to the Vanguard Hi-Yield Corporate Fund because it has a 1% fee on shares sold in less than 1 year, and those bonds really reflect the nature of stocks more than bonds, so they don't capture the real diversification that I want when I establish my automatic rebalancing. I still like the idea of bonds at 10% of the portfolio, but there are several subclasses for stock to mix up the remaining 90% (of course, like I indicated previously, I will direct 50% to Fund 84 and the other half will be a reflection of my overall target allocation mix in three more months).
Once I make the change, I will show my new allocations here, but I know I have notes at Amy's place on what I was planning to do, so I can review those to increase my comfort level with what I want to do over the next three months and what I think will happen until August.
Amazingly, the market closed above 8,500 today (up 2% today), which is a phenomenal rebound -- almost, too phenomenal since there was nothing to indicate that "everything" is on the right track for a quick recovery. This rebound may be somewhat superficial (or artificial) but the market free-fall was very much unwarranted, so I don't expect it to take long to get back over 10,000, but I was thinking it would be around the turn of the year -- not a couple months from now.
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