I checked my Vanguard index funds, to make my Sell move today. I realized they are all doing well, and may not be at a high PE. I’ve owned all since May and August of 1999: Pacific, European, Emerging Market, Small Cap Growth, Small Cap Value. All have gone up 50% – 100% since I bought them. Is there any reason to think they are overvalued? Perhaps there is a good run left in them. I made a good move: back in 1999, when everyone was piling into money-losing tech stocks, I loaded up on out-of-favor index funds.

I did sell my stocks: CAT (from $37.81 in 2000 to $79.06 today0, RUBO ($6.13 in 2000 to $9.35 today), and UPS (from $55 to $82 today). I sold Gillette ($21 down to $13) and Proctor and Gamble ($55 then and now). Overall, I am up ahead somewhat. I mention these stocks to give an indication that I ran against the herd, and it worked out okay for me. So far.

Now the question is: is there a compelling reason to hang on to those index funds? I don’t know how to find the PE of the foreigns ones. The Small Cap index pes are 19 and 24, so perhaps ripe for a sell. I will wait to sell the index funds until I can evaluate any feedback I get here.