I still have some TLT that I am writing calls on, but yesterday I converted all my 401k based long bonds to DIPSX, (https://finance.yahoo.com/quote/DIPSX?p=DIPSX
) which is available in my 401k and seemed a good compromise for now.
I still have my physical gold at about 20%.
I am down to <6% in stocks (as of yesterday). Feels good to have been out today, but one day doesn't make me right, nor help me figure out when to jump back in. My minimum time horizon before I increase stock exposure again is 6 months.
My cash position is >60%. Some getting 0.5% in a savings account, some in i-bonds, rest sitting in my and my wife's IRA as collateral for my call/put option writing getting 0%.
I have not made such a drastic change to my portfolio since I moved into the PP in 2014.
Like I said, I feel better right now having done this move, and I think I have a shot at getting a decent overall return with my call/put writing while risking a much smaller percentage of my overall net worth. It's a decently good feeling right now, but I have 50/50 confidence I'll be successful long term.
I took the plunge in getting out but I am quite worried about what I'll reasonably use as a trigger to get back in. We'll see.