chinwhisker: I came in, drunk, and wrote 3 pages before I stopped, and threw it is the waste basket, all to say one thing that I offered for an answer to a question tonight. “We create our own problems.”
The question is unimportant. The 3 pages of words that will never be read are unimportant.
See Y’all in a few days . . . maybe.
Hope you all find yourself.
Chin
Chin...I'll leave you with a problem. Here's what Bogle is saying about rebalancing:
This may interest Diehards...Jack Bogle on limited value of rebalancing!:
"Jack (John) Bogle, founder of Vanguard, answers questions on his blog from readers of his book, The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns. Here's what he has to say about rebalancing:
We’ve just done a study for the NYTimes on rebalancing, so the subject is fresh in my mind. Fact: a 48%S&P 500, 16% small cap, 16% international, and 20% bond index, over the past 20 years, earned a 9.49% annual return without rebalancing and a 9.71% return if rebalanced annually. That’s worth describing as “noise,” and suggests that formulaic rebalancing with precision is not necessary.
We also did an earlier study of all 25-year periods beginning in 1826 (!), using a 50/50 US stock/bond portfolio, and found that annual rebalancing won in 52% of the 179 periods. Also, it seems to me, noise. Interestingly, failing to rebalance never cost more than about 50 basis points, but when that failure added return, the gains were often in the 200-300 basis point range; i.e., doing nothing has lost small but it has won big. (I’m asking my good right arm, Kevin, to send the detailed data to you.)
My personal conclusion. Rebalancing is a personal choice, not a choice that statistics can validate. There’s certainly nothing the matter with doing it (although I don’t do it myself), but also no reason to slavishly worry about small changes in the equity ratio. Maybe, for example, if your 50% equity position grew to, say, 55% or 60%.
In candor, I should add that I see no circumstance under which rebalancing through an adviser charging 1% could possibly add value."
http://seekingalpha.com/articl....cing-don-t
Interesting, or 
Have a good trip...retired at 48
