Last month’s Asset Allocation Survey special question asked AAII members what, if any, allocations they expect to make during the second half of the year. Responses were mixed. The largest group, representing 28% of all respondents, did not anticipate making any changes. Many of them said they are following a long-term strategy. Nearly 20% of respondents expect to shift money into stocks or stock funds, particularly if there is a notable market drop. About 12% of respondents expect to boost their cash holdings, while 11% think they will reduce the amount held in cash. Approximately 10% say they will increase their fixed-income holdings. Several members said they may reallocate within a given asset category, with several mentioning the possibility of increasing exposure to international stocks.