I started seriously investing around seven years ago. At the time, after some research and backtesting, I decided on a general strategy I've since kept to: 60 percent of my portfolio in mostly US tech / growth stocks, 20 percent in international value, and 20 percent in gold.
For the first six years it worked almost exactly as I hoped. I was able to mostly keep pace with the S&P but with less volatility and a lower drawdown. When one part of my portfolio lagged, another usually stepped up, resulting in relatively stable, predictable, growth.
The past year though I'm suddenly up over 30 percent as every ETF I'm holding has massively over performed at the same time. This seems like a good thing, but the pessimistic part of my mind can't help but worry I'm funneling each of my pay cheques into an ever growing group of bubbles. My hedges no longer feel like hedges.
Anyone else feel similar about the current market? Is it time to start looking into bonds?