08-10-2015, 10:23 PM
I happen to agree with BH's belief regarding rebalancing: I don't do it. I also believe you can be a focus investor and not be as concerned with timing as he is. I have the same view, Ken: if a position is too big for my liking, I'm going to stop buying and not reinvest the dividends, instead using capital to build up other positions.
Buy the best companies that are currently on sale. I would only worry about balance/diversification if I was in retirement. While I'm accumulating, I'm gonna let the horses run as far and fast as they can. When you get to retirement age, you can rebalance to minimize risk.
Buy the best companies that are currently on sale. I would only worry about balance/diversification if I was in retirement. While I'm accumulating, I'm gonna let the horses run as far and fast as they can. When you get to retirement age, you can rebalance to minimize risk.