Re: Whither the markets?
Ideally a simple re balancing is all that is needed. So if ur plan is 70 pct in stocks or stock funds and 30 pct rest - cash real.estate bonds, then as stocks move up a lot a simple rebalancing would allow u to book gains.
It so happens I have not only rebalanced. But over past few months reduced my stock allocation from 74 pct to 61 0ct. This could end up hurting my returns if mkt keeps going up. I wouldn’t recommend others do this - because that would be presumptuous of me. I would recommend rebalancing periodically. With market making 5 to 6 record highs in last 2 weeks now is as good a time as any.