It's 2019, I don't understand why I'm still rebalancing portfolios by hand. (Yes I'm actually using a spreadsheet, and making the spreadsheet was fun, but still. Shush)
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Like all of my investment brokers should offer, as a first class feature, the ability to set target portfolio weights and a schedule on which to rebalance them, as a first-class feature. *Especially* now that we've entered the age of universal zero-commission trading.
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Replying to @kevinriggle
Part of me wonders whether this isn’t kept back intentionally to give their RIAs a good talking point about reducing the amount of toil and risk you suffer (in return for a mere 100 bps, of which your broker might keep 50).
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(The roboadvisors have the most sensible strategy here, and M1 Finance is a close second — automatically rebalances via new money and will rebalance to your target allocations via selling/buying periodically in response to you hitting a button.)
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