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Idle hands...
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Pension once a day.
Stocks/Crypto apps open all day.
Is that too much?
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As and example if I had a 60/40 (equity to bonds) portfolio and it went to 65/35 I would sell 5% of equities and buy bonds. Up or down I would just sell and buy once the threshold deviation is exceeded to revert to my pre defined allocation. It's purposely pretty dumb to keep emotion and hunches out of the equation.solidpro said:
What do you mean exactly by 'rebalancing'? And surely 'rebalancing' on the upside would be a different action to doing on a downside?bostonerimus said:..I would rebalance when my asset allocation deviated by +/- 5% from my plan.“So we beat on, boats against the current, borne back ceaselessly into the past.”1 -
Yes I am in Boston. I did a roughly 4 fund portfolio, US equity, International Equity, US Bonds and an active multi-asset fund with a bond bias.DannyCarey said:
Love this - what was your strategy in terms of funds the whole time? 2/3 funds?bostonerimus said:When I was working I had a simple index tracker portfolio and I left it pretty much alone, but I would rebalance when my asset allocation deviated by +/- 5% from my plan. This got me through several crashed without having a mental breakdown and I came out of them well. I've been retired for a few years now and get income from a DB pension and a rental property and I haven't touched my investments at all. Through the latest downturn I just left everything alone and it looks like it will recover ok.
Are you based in Boston?“So we beat on, boats against the current, borne back ceaselessly into the past.”1 -
I once did a lovely long run around the Charles River, its a fantastic city. I should be back there next year actually with work.bostonerimus said:
Yes I am in Boston. I did a roughly 4 fund portfolio, US equity, International Equity, US Bonds and an active multi-asset fund with a bond bias.DannyCarey said:
Love this - what was your strategy in terms of funds the whole time? 2/3 funds?bostonerimus said:When I was working I had a simple index tracker portfolio and I left it pretty much alone, but I would rebalance when my asset allocation deviated by +/- 5% from my plan. This got me through several crashed without having a mental breakdown and I came out of them well. I've been retired for a few years now and get income from a DB pension and a rental property and I haven't touched my investments at all. Through the latest downturn I just left everything alone and it looks like it will recover ok.
Are you based in Boston?"Wealth consists not in having great possessions, but in having few wants."0 -
Yes, it's a decent place to live. Big and cosmopolitan enough to be interesting, yet small enough to not overwhelm you or be too hectic.DannyCarey said:
I once did a lovely long run around the Charles River, its a fantastic city. I should be back there next year actually with work.bostonerimus said:
Yes I am in Boston. I did a roughly 4 fund portfolio, US equity, International Equity, US Bonds and an active multi-asset fund with a bond bias.DannyCarey said:
Love this - what was your strategy in terms of funds the whole time? 2/3 funds?bostonerimus said:When I was working I had a simple index tracker portfolio and I left it pretty much alone, but I would rebalance when my asset allocation deviated by +/- 5% from my plan. This got me through several crashed without having a mental breakdown and I came out of them well. I've been retired for a few years now and get income from a DB pension and a rental property and I haven't touched my investments at all. Through the latest downturn I just left everything alone and it looks like it will recover ok.
Are you based in Boston?“So we beat on, boats against the current, borne back ceaselessly into the past.”1
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