To Ed, re. post #6.
Thanks. VWINX and VWELX, together, comprise ~30% of my Vanguard rollover IRA (created last summer from 401K with last employer). Prior to retirement in June, I was in the 401k for about 12 years; and the entire acct. itself was with Vanguard, so I'd been trying to learn how to manage it during those years. I was way too busy to do it much justice, but did make accumulation the top priority.
Vanguard made it easy to just roll over the 401K into this traditional, before-tax IRA. And I simply sent over all the funds as they were at the time I retired. (This IRA represents about 80% of my retirement savings-- the rest are in Roths, including some bank CD's and one at T Rowe Price, in Cap Appreciation fund PRWCX).
A "retirement project" I'm enjoying is learning how to make those years of hard-earned dollars work harder for me. DH and I don't use our savings to live on, at least for now. So our goal is an AA that will help those savings at least stay ahead of inflation, for when we need them in the future.
So, no, I'm not "coasting," though it could look like it. Back in the accumulation phase, my dollar-cost-averaged contributions went through 3 phases: 1) 50/50 to STAR Con. and Mod. Growth; 2) 50/50 to Target Dates 2010 and 2015; 3) 100% to Money Mkt.(Yeah, I know. That last was probably a mistake; but I'd taken on so many responsibilities at work that I couldn't deal with investment ed. at the time.)
Or course the STAR funds dropped in '08; but I "held the course" until I sold them high these past few weeks. Bought the target date funds while the market was coming back........up until about 2010 when there was a brief drop in the market. Didn't pull any $ out of the funds then, just waited for the prices to return. So I sold them in recent weeks as well. (But 2010 is when my contributions went straight to the m. market fund.)
So this IRA is now comprised of the W and W; plus 25% in VFSUX (Short Term Investment Grade); the rest sits in the cash generated by the locked-in gains. I'd like to dollar-cost-average further into W and W if/when prices drop a bit. I know I'm missing out on gains in this surging market, but that's OK. I'm happy with the earnings from the funds I sold; would rather use them if/when I can be a W and W "bargain shopper." While I sit on these sidelines, my current W and W will pay their nice qtrly dividends, building my acct. that way for now.
My approach is probably naive and simplistic, but it's just where I am in the learning curve.