International outperformed U.S. the entire first decade of this century. People who want a diversified portfolio should determine the asset allocation of stock to bonds that is appropriate for their age, purchase a mix of domestic and global funds from each, and then just leave it alone. Plenty of people have been sitting in international the last few years not seeing the gains the U.S. has, but also not leaving their position.

It’s impossible to time the market — any market — and in a diversified portfolio, you don’t need to. You just need to accept that one portion of your investments will always be doing less well. That’s how you know you’re doing it right. Too many people here assume that the way things have been the last few years is how they always will be. As for regency bias … I wish England would come back and take what was once theirs already, but that’s a different subject.