I’ve posted Entry #99 to my weekly Valuation-Informed Indexing column at the Value Walk site. It’s called Gradual Allocation Shifts Make the Most Sense.

Juicy Excerpt: If you shift to a 70 percent stock allocation when the P/E10 level reached 18, and then to a 60 percent stock allocation when the P/E10 level reached 20, and then to a 50 percent stock allocation when the P/E10 level reached 22, and then to a 40 percent stock allocation when the P/E10 level reached 24, and then to a 30 percent stock allocation when the P/E10 level reaches 26, you avoid the drama of going from an 80 percent stock allocation to a 30 percent stock allocation all at once. It’s generally a good idea from an emotional standpoint to limit the drama of the stock investing project to the greatest extent possible.