Portfolios
How Often Should You Rebalance a Long-Term Portfolio?
The evidence says the calendar matters far less than most investors assume — what matters is having a rule and following it without emotion.
Portfolios
Building a coherent set of positions: fund overlap, correlation, position count, home bias, and a rebalancing schedule that survives a busy year.
Portfolios
How Does SIPC Protect Investors When a Brokerage Fails?
SIPC replaces missing cash and securities up to set limits when a member brokerage collapses, but it never insures against a market decline.
Portfolios
How Portfolio Rebalancing Works, and What It Actually Fixes
Rebalancing does not chase higher returns. It resets a portfolio to the risk level an investor originally chose, and the evidence shows most of its benefit…
Portfolios
Asset Location: Which Accounts Should Hold Which Funds
The same three-fund portfolio can lose a fraction of a percent a year to taxes purely by sitting in the wrong accounts — placement is the quiet optimization.
Portfolios
The Real Risk of a Concentrated Single-Stock Position
A position worth 20% of your portfolio can halve your retirement date — the arithmetic of concentration, from Enron's employees to today's RSU holders.