You probably have a desired portfolio allocation for stocks, bonds, international stocks, cash, etc. Check your holdings and you will likely find you are over-weighted in stocks because of the market's performance.
So now is a good time to rebalance your portfolio if your allocation is out of balance by more than a few percent. Sell some of those winning domestic equity holdings, buy bonds or international stocks or whatever you are underweight. This means "take some of your winnings off the table."
This technique of keeping a balanced portfolio is recommended by Warren Buffet, Vanguard, Fidelity, and most other respected investment authorities.
Disclaimer: this is not professional investment advice and should be used at your own risk. The author is not a licensed financial advisor. You should not believe everything on the Internet including this blog and should check multiple sources possibly including a professional financial advisor before making decisions.
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