I've reduced my exposure a bit.
Warren Buffet is reported to have said, "Be greedy when others are fearful, and fearful when others are greedy".
We've had a great run and I've taken some profits and have some cash on the sidelines. About 20% cash right now, which leaves us in a position to buy if a correction comes along.
Part of why we've done so well is a bit of fortuitous timing. My divorce left me with cash in my 401(k), since I had moved to cash to prevent any account value fluctuations when the court was dividing assets.
Years later, when the market tanked in summer 2008, I was newly married, all in cash, and we selected and bought stocks in my brokerage account. e.g. Boeing at $44. Others were fearful, and we were greedy.
Worked out great.
In concert with my financial adviser, and my wife, we've taken just a bit of a defensive position. Others are greedy right now, the market is at all time highs.
That makes me just a bit fearful...