As we review portfolios for clients, and update our own mutual fund model, we find that allocations are out of alignment due to the fact that the growth in stock prices has pushed, for example, mid cap stocks into large cap stocks. This means that the mid cap fund you hold is now and large cap fund, so that you are over-weighted in large cap and under-weighted in mid cap.

This summer would be a good time to review your allocation, taking into account the drift do to capitalization changes but also addressing the decline of the dollar internationally, inflation fears, etc.