Get Out of Stocks and Into Index MF's?

[Calgary_Girl]

After watching our brokerage account take a beating, DH and I are contemplating gradually liquidating some of our stocks in our brokerage account and investing in index mutual funds.

We already invest in index MF's by dollar cost averaging every month but the amount invested is still quite small (approximately 4% of our total brokerage portfolio) and weighted as 25% Bond, 75% Stock (the stock portion is split three ways between Canada, U.S. and International).

Our individual stocks are scattered among REITS, some trust units (oil and gas) and a few technology stocks. Is anyone else thinking of getting out of individual stocks? I'd like to keep the REITS to give us some exposure to real estate and a few of the oil and gas trusts; everything else I'd like to liquidate. (Our total brokerage account is approximately $140K and this is outside of our retirement accounts).

Thanks!