June certainly was not a pretty sight this year. Even with lots of cash, it was a real "ouch". I did have significant amounts of cash in the portfolio since the start of the year, at ~31% (held outside in money markets). 

An additional 8% cash was held by my MFs as seen from M*'s portfolio analysis tool - 39% cash, 11% bonds, 26.6% domestic equities and 19.7% foreign equities ("other" is 2.7%). LV/LG at 33/27, Smid V/G at 23/17. ER at ~.0.75%, and a yield of ~1.8%. My personal bogey is FFNOX which was down 9.1%. So, my losses were about half those of the benchmark I follow for my portfolio.

The cash hoard outside of funds, had gone up to almost 33% during mid-June and then back down to 31% as I invested in a few Junq (Just Under iNvestment Quality) bonds. They are chicken's way to participate in equity like securities that pay good yields. I also sold a few long term MFs like TAVFX, OAKMX, essentially giving up on them because of their high Financials exposure. Not much else to report .... Anil