Cool, but why did you not address one of the most important questions: how often and when to rebalance? Once a year? Once a month? Once a week?
RE: Portfolio Rebalancing Tool Using Google Sheets - Quadruple Your Earnings!
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Portfolio Rebalancing Tool Using Google Sheets - Quadruple Your Earnings!
Well for one, this is a post sharing how to make a google sheet work as a rebalancing tool not an educational piece on the topic of rebalancing. I did however mention in the first paragraph that a more aggressive rebalance strategy may be necessary in comparison to a quarterly schedule. The reason is quite simple, there is no one size fits all time period nor is there a set deviation from you target allocation that triggers a rebalance.
Regardless let me cover this question because it does come up. First of all when is a function of how often the vast majority of the time.
So how often? Thats up to you. But if you're totally unsure start with a 2 week period.
Now when? At the end of the two week period unless your deviation from your target allocation on all assets is less than 5%. If nothing as moved more than 5% wait for the next 2 week period.
Everyone will have a personal decision to make about these two questions because withdraw fees, exchange fees, network fees can impact a small portfolio more so than a large portfolio.
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I was also wondering how often to rebalance. This is definitely an helpful answer! Another factor that's important to me is how much time I want to spent on trading. So far I couldn't help myself checking coinmarketcap several times a day, with that constant FOMO feeling. Rebalancing with a set period gives me more peace of mind. So, many thanks for the balance sheet and the guidance! And @coinmasteryct thanks for sharing this on your youtube channel!
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This is truly exceptional.
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