What sub-prime crisis?
I have not made any changes based on any news.
What I have been doing is sending dividends to a money market fund and waiting to rebalance. I am still dragging my feet on rebalancing, but I moved the cash to a bond fund in the meantime. I may or may not rebalance. Another poster asked how to begin setting up to begin programmed withdrawals. Frank Armstrong recommended funneling 7 to 10 years of distributions into a short-term bond fund, from which one would eventually withdraw. So, I figured, maybe I should just let the dividends keep going into the now-bond fund? (I figure to stop working in maybe 5 years, more or less.) Meanwhile, I can always rebalance later. The idea is to gradually fund the bond fund buffer with dividends.
Normally, I am 100% invested in equities. My portfolio has been screaming along at 20% a year for the last 5 years (at least) and trees don't grow to the sky, so why not start priming the pump a little? If I were younger, I would still be 100% in equities.
"I am not in a hurry.
I am retired.
And I don't care how big your truck is."