The continuing market rally

A couple of weeks ago I wrote about the current state of my finances, and how/what I had done in the past year.

Since that post, the market has continued on its rally and is now up even more.  It’s to the point where one has to question when things will settle off a bit.  This is where the emotions of the stock market start to get to me..  I wonder whether I should pull out some of my gains and set them on the sidelines for what must be the inevitable reset that’s just around the corner.  Or is it?

Here’s a snapshot of a few of the funds/stocks that I had purchased earlier this year, and their performance since I made those purchases:

FSMKX SPARTAN 500 INDEX INVESTOR CLASS 18.47%
GOOG GOOGLE INC CL A 74.78%
JABAX JANUS BALANCED FUND CLASS J 20.99%
JAHYX JANUS HIGH YIELD FUND CLASS J 25.67%
JAOSX JANUS OVERSEAS FUND CLASS J 18.47%
VGSIX VANGUARD REIT INDEX FUND 32.07%
WAMUQ WASHINGTON MUTUAL INC -89.96%
YHOO YAHOO INC 67.62%

Note that even my loser pick Washington Mutual – which I purchased prior to the downfall last year – is off from it’s overall lows (where I was down about 96%).

The problem I have, I guess, is that I’ve already got (I feel) a pretty diversified portfolio (this table only represents a portion of my overall holdings) – so other than cash (where it will earn nothing) I wouldn’t know where to put the money once I pull it out of the market..

So in the market it will stay, and I’ll continue to hope that the fast climb won’t soon be met with a fast decline.

I’d love to hear what others are considering.

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