I'm a long term sort of guy. Just a few general principles based on experience and common sense rather intimate knowledge of the financial sector.

It depends whether you think the economy will get better or worse in the next several years. I think things will improve. If your advisor tries to predict what will happen in the short term, or tries to time the ups and downs, odds are he gets it wrong. IMHO

Seeing as how you are into mutual funds, consider index funds. It is a well proven fact that index funds outperform the majority of managed funds over the long term, after taking into account management fees.

Don't forget to consider things like fees and commissions when making your decisions. It very often mean the difference between good profits and mediocre profits, depnding on your holdings.