My paranoia is picking up speed. I took another historically radical step last night - selling my Vanguard Energy fund (VGENX) in its entirety - $35k or so. It's down this year from the BP fiasco but is overall a winner, netting about $3,000 over what the S&P would have given me in the same period.
I'm going to use the proceeds to pay down my mortgage, which seems a little nutty at 3.25% but I figure the rate (it's an ARM) is going up sooner rather than later. I'll be down to about 30% "in" the market (well, I guess that will maybe not be right after I throw it at my mortgage) but it's safe to say my exposure to the market is going to be really low. I've also got some capital gains protection from previous years losses; the $8k capital gain should be tax-free.
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