No. of Recommendations: 1
Remember that the valuation of the S&P matters only to the extent that it resembles your portfolio!
Absolutely, and I was insufficiently precise. About 55% of our net worth is in indices. We're scaling that back a bit, in a deliberative fashion. When I was in uniform, and later a DoD civilian, probably the best choice in the rather limited menu of selections in the Thrift Savings Plan (the US Government's 401k, essentially) was an S&P 500 index fund, and there went nearly all my employer-related retirement contributions for a bit over 20 years. I'm actually contacting Schwab today to roll the TSP over to IRAs, for more options. And I probably won't change any of that radically or quickly, but there have been a few compelling options that came about this year.
