I'm not a financial planner, and I don't even play one on TV. But I'd sure as hell diversify that portfolio in a heartbeat. Sounds like someone is in love with a handful of companies. Those companies all need to hit "home runs" every couple of years just to justify their stock price and sustain healthy growth.So, even if you really like those stocks, I'd sell a big chunk of both CSCO and MSFT, so neither is more than 20% of your portfolio. I'd invest a chunk of your cash in an emerging markets mutual fund, another chunk in a boring-but-proven blue chip (KO, GE, PEP, JNJ come to mind), and keep a good portion on hand in cash, with the idea of buying into financials when it looks like they've bottomed out.That's just me. I'm a bit younger, but my IRA is in the same ball-park in terms of overall value.
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