“Rebalancing ensures that you buy low and sell high.  It can work. But that doesn’t mean it always works.” 

Jason Zweig, The Wall Street Journal, “Rebalancing Your Portfolio Can Be a Tough Ride”, March 7, 2009

I guess the rebalancing debate will never be settled.

Should you rebalance?  And if so, when is the best time to rebalance?  Does it increase the portfolio’s return? Does it diminish returns in the portfolio?  Is it a form of market timing? 

For the record, The AdvisorBlogger is an ardent structured, passive asset allocation believer.  Yes, I have drank the koolaid of John Bogle, Larry Swedroe, Burton Malkiel, Rex Sinquefeld, Dr. William Bernstein, just to ‘name drop’ a few. 

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