This is why your financial advisor had to let you go.Rich_in_Tampa said:I'd look at it every year or so, and if it's up, prune it back. Not something I'd particularly try to time, nor would I worry about it other than infrequently. Maybe cheat a little here and there during a run-up is about as close as I'd get to timing.
I suppose that if things went well, at some point I'd say that this is enough cash to last me til I die, and let the big dogs run. Some fun money, kid money, whatever. That would be a nice closure to the plan.
Wab, the opportunity cost of having money in cash v. bonds - more than offset long term by having 70% in stocks versus 60% with a traditional allocation, no? The boringness of cash (and lack of capital risk) makes me feel more comfortable going higher in equities than I would otherwise.
You keep analyzing these situations and making logical choices instead of paying someone to hold your hand and tell you what you think...