I started a new job about 1.5 years ago and I now realize my target asset allocation has gotten a little out of whack because I wasn't including bonds in my 401k for the new job, whereas bonds are 10% of my target asset allocation.
I was thinking of taking one of two approaches to rectify the situation:
1.) In the new 401k, adjust my contribution to the new allocation going forward so it matches my target allocation. This alone wouldn't get me to my target allocation, but it would stop it from deviating from it so much going forward.
2.) Rebalance so my allocation across all retirement accounts matches my target and do #1 so it stays that way.
But... not I'm wondering if this is the best thing. We are undeniably in a non-trivial pullback, so in theory the market is having a big sale. Given that and given that I'm not really planning to retire for 10+ years, wouldn't stocks be more attractive for me?
I understand there's some elements of timing the market in my thinking and I'm prepared to hear some pushback along those lines, but would love some perspectives on my thinking here :)