Do NOT be fully invested regardless of your ability to handle risk and have a strong risk tolerance
If you wish to Invest new money in equities(even in your 401k) use moderate or conservative allocation funds
In Taxable accounts reinvest dividends in money market or short term bond funds to gradually reduce risk.
Don't buy the dips till a bear market type drop.
Don't sell your Sequoia Fund, FPA Crescent or similar
Did I miss anything significant or misinterpret?
I believe healthcare would recover quickly from any down draft.
Pick your Advice.....