Rebalancing in market turmoil

The recent stock market turmoil has caused my portfolio to drift from its target asset allocation. With today’s drop, my portfolio YTD return has dropped to 2.2%, still positive for the year but the month-to-date return is a loss of 4.19%.

Today, I sold off a portion of my fixed income in two funds : Vanguard Intermediate-term Invest-grade bond fund, VFICX (up 0.42% today) and Vanguard TIPS bond fund, VIPSX (up 0.59% today) and intended to rebalance (buy) into the Vanguard Precious Metals and Mining fund, VGPMX and the Vanguard Emerging Market ETF, VWO.

The order purchase for VGPMX went through all right but the ETF order was not filled, mostly because I set the limit price too low at $79. The price of VWO did hit an intraday low of $77.72, but when I submitted the limit order, its price had already rebounded.

I might get better luck tomorrow. 😉

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