Thank you all for sharing your insight, I definitely take all your advice into consideration when I adjust my allocation in the near future.
I have more than enough funds in my portfolio and I agree that I should keep it more manageable. It's that FOMO mentality I am battling with.
Let me provide a bit more background information on my current allocation.
I was very lucky that I started working exactly around the 2008-2009 great recession and also started my contribution during that time, some very small amount though as I barely started working, wish I was able to dump $19,500. And around fall of 2019 I thought the market was running a little too and rebalanced my account to about 50% (TIPS and Money Market) totally regretted that after the market continued to rip to new highs. Then came the pandemic was very glad that my portfolio didn't take a big hit in March. I made some minor adjustments, moved about 10% from Money Market to Growth and Value in March and April thinking the market would take a long time to recover and missed out on that V-shaped recovery on the other 40% of my portfolio in "cash position".
My current portfolio consists of
TIPS 40%, Value 20%, Growth 15%, Bond 5%, Real Estate 5%, International 10% This is about ratio of 55/45 equity to bond.
My thinking is that if the market crashes, especially the growth segment, it's a good time to average in to increase my exposure to equities and once I get to about 70/30 or maybe even 80/20 I'll change back to a more conservative approach.
Again thank you all very much. This is such a wonderful platform and I have learned a lot from you all and saved a ton of money in the process.