Well? All I can tell you is what I did..

And I would guess, it all depends on How you've done during the Last Bear market Yrs and is that good enough for you or not? If not? Best make some moves ..

1. Starting 5 yrs prior, I moved about 80% of my $ into Balanced Funds( 90% was about 15% More than I figured I needed for my Retirement planning ) & a Reit & Bond fund.

CGMRX, FPACX,LSBRX,OAKBX,PRWCX,PRPFX & alittle of WMRIX.

2. That had previous  records of Doing well in a Dwn Market and did as well as Comparable 60/40 Index Port in a Bull Market

3. The Other 10% stayed and has been used to "PlayWith" and try my Luck at doing better than those Balanced Funds

4. I don't have any other Individual Sectors , like Int'l or global .. sold them in 07'. They have a history of being to volatile ( See 00-early 03' ) and had a good run.  If you must?  I would only put in those and other volatile funds that isn't needed in retirement..( however there are some Global Funds that have held up so far )

The Balanced Funds saved My Butt during 2000-2002... and have continued doing a more than good eough  job for me.  Now Wether they will continue to do so? is anyone's guess, but I have to stay with the person who brought me to the current Dance and just hope for the best..

If I had stayed in My Index Funds/Port? I'd lost quite a bit, since I got the Tech Fever and would have gone more into those.. and would have had to delay my Retirement Plans by 2-3 yrs..or longer.. So, those Bal. funds took that "opportunity" to use that $ , out of my Greedy hands...LOL

As for stocks? Sure, I have Berk B, WalGreens, Walmart, Bud-Wise-R and a few others.. And Still do, but not in a major way.. ( darn it )

The other 10% had gone thru some roller coaster rides, but in the past 5+ yrs is doing very well, since I stayed with the Likes of CGMFX,FAIRX,FLVCX funds and some of their stocks they buy/sell..and it now equals to about 25% of my total $.

I also went around ( and still do) to go see Mgmnt. Firms and get their "Free Reviews and Opinions to open an account and gotten some ideas from them..Just none have been able to beat what I got going for me..and tried to convience me to go back into their Index Fund Ports...with Marginal performance..espeically after their fees.

For My 2 yrs COH/Emergency $, etc...Btwn Mmkt, FFRHX,VBIIX,VBLTX and my most conservative Bal fund> PRPFX. ( Now If we have another Carter administration and get nice High Rates again,I will buy CD's and Treasuries )

And Not Auto reinvesting either.. I pay the taxes, take out what I need and manualy reinvest what's left over in 25% Increments over the following Yr.. to give me something to do and have some fun, gambling..LOL

Do you have a Decent Tax Guy? Like a CPA Firm that has several different types in it? I would suggest to consider it..

And as the guy who jumped off the 40 story building said> " Well, So far, So good"..

Good Luck!