Tuesday, October 03, 2006
My retirement portfolio is about 75% invested in this one fund. Granted, it is a very broad fund, but it's up quite a lot now and I wanted to put some of the money into another sector. I don't mess around with my allocations too much anymore, although I used to, so I felt very brave transferring $1000 from my Equity Index (basically an S&P 500 fund) to a Growth fund. The Equity Index fund is currently pretty high and the Growth fund is priced pretty low, so I felt like I was getting some bang for my buck there. Also, I just don't like to see my entire portfolio's value tagged to whether that one fund gained 25 cents today or not. It's not true diversification as these are still pretty much all large-cap US stocks, but I'm somewhat limited in what types of things I can invest in, as TIAA-CREF only has about nine options. Still, I feel very brave for having actually moved some of that money.
Posted by Kira at 11:53 PM